S&T Bancorp (NASDAQ:STBA) Cut to "Sell" at Wall Street Zen

S&T Bancorp (NASDAQ:STBA - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other equities analysts have also issued reports on the stock. Hovde Group started coverage on shares of S&T Bancorp in a research report on Friday, June 27th. They set a "market perform" rating and a $41.00 target price on the stock. Keefe, Bruyette & Woods decreased their price target on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating for the company in a research note on Monday, April 28th.

S&T Bancorp Stock Down 1.4%

Shares of S&T Bancorp stock traded down $0.56 during trading hours on Friday, hitting $39.19. The company had a trading volume of 152,527 shares, compared to its average volume of 166,698. The company's 50-day moving average is $37.63 and its two-hundred day moving average is $37.55. S&T Bancorp has a twelve month low of $30.84 and a twelve month high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $1.50 billion, a P/E ratio of 11.29 and a beta of 0.89.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The firm had revenue of $93.75 million for the quarter, compared to the consensus estimate of $96.40 million. S&T Bancorp had a return on equity of 9.71% and a net margin of 23.84%. Analysts anticipate that S&T Bancorp will post 3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On S&T Bancorp

Several large investors have recently modified their holdings of STBA. Nuveen LLC purchased a new position in S&T Bancorp in the 1st quarter valued at $13,151,000. Vanguard Group Inc. boosted its holdings in shares of S&T Bancorp by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock valued at $176,453,000 after acquiring an additional 160,453 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of S&T Bancorp by 333.4% in the fourth quarter. JPMorgan Chase & Co. now owns 150,183 shares of the financial services provider's stock valued at $5,740,000 after acquiring an additional 115,528 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of S&T Bancorp during the first quarter worth about $4,211,000. Finally, Norges Bank purchased a new position in S&T Bancorp during the fourth quarter worth about $4,181,000. Hedge funds and other institutional investors own 65.22% of the company's stock.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.