S&T Bancorp (NASDAQ:STBA) Upgraded at Wall Street Zen

S&T Bancorp (NASDAQ:STBA - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

A number of other research analysts also recently issued reports on STBA. Piper Sandler initiated coverage on shares of S&T Bancorp in a research report on Friday, July 18th. They set a "neutral" rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Finally, Hovde Group initiated 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.

S&T Bancorp Trading Down 0.3%

STBA traded down $0.10 during trading on Friday, reaching $38.62. 110,987 shares of the company's stock were exchanged, compared to its average volume of 162,088. S&T Bancorp has a one year low of $30.84 and a one year high of $45.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.48 billion, a PE ratio of 11.13 and a beta of 0.89. The firm has a fifty day moving average price of $37.80 and a two-hundred day moving average price of $37.61.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued 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 net margin of 23.84% and a return on equity of 9.71%. As a group, equities research analysts forecast that S&T Bancorp will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of S&T Bancorp

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of S&T Bancorp by 41.9% in the 1st quarter. GAMMA Investing LLC now owns 1,762 shares of the financial services provider's stock worth $65,000 after acquiring an additional 520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in S&T Bancorp by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,179 shares of the financial services provider's stock valued at $1,159,000 after buying an additional 3,489 shares during the period. New York State Teachers Retirement System grew its position in S&T Bancorp by 0.8% during the first quarter. New York State Teachers Retirement System now owns 63,077 shares of the financial services provider's stock valued at $2,337,000 after buying an additional 497 shares during the period. Citadel Advisors LLC grew its position in S&T Bancorp by 25.5% during the fourth quarter. Citadel Advisors LLC now owns 23,700 shares of the financial services provider's stock valued at $906,000 after buying an additional 4,809 shares during the period. Finally, Principal Financial Group Inc. grew its position in S&T Bancorp by 2.6% during the first quarter. Principal Financial Group Inc. now owns 206,985 shares of the financial services provider's stock valued at $7,669,000 after buying an additional 5,290 shares during the period. 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.