S&T Bancorp (NASDAQ:STBA) Lowered to “Sell” at StockNews.com

S&T Bancorp (NASDAQ:STBA) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Separately, DA Davidson boosted their target price on shares of S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th.

S&T Bancorp Stock Performance

NASDAQ:STBA opened at $41.20 on Tuesday. The firm’s fifty day moving average price is $41.24 and its 200 day moving average price is $36.16. S&T Bancorp has a 1-year low of $24.51 and a 1-year high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 11.67 and a beta of 0.79.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. The firm had revenue of $142.07 million for the quarter, compared to analyst estimates of $95.85 million. S&T Bancorp had a net margin of 24.20% and a return on equity of 10.63%. During the same period last year, the firm posted $0.89 EPS. On average, sell-side analysts expect that S&T Bancorp will post 3.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its position in S&T Bancorp by 119.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,336 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 13,230 shares in the last quarter. Envestnet Asset Management Inc. grew its position in S&T Bancorp by 23.8% in the second quarter. Envestnet Asset Management Inc. now owns 161,151 shares of the financial services provider’s stock valued at $5,381,000 after acquiring an additional 30,945 shares in the last quarter. Texas Permanent School Fund Corp grew its position in S&T Bancorp by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 33,461 shares of the financial services provider’s stock valued at $1,073,000 after acquiring an additional 432 shares in the last quarter. Earnest Partners LLC grew its position in S&T Bancorp by 569.7% in the first quarter. Earnest Partners LLC now owns 240,136 shares of the financial services provider’s stock valued at $7,704,000 after acquiring an additional 204,281 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in S&T Bancorp by 33.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,683 shares of the financial services provider’s stock valued at $984,000 after acquiring an additional 7,712 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

About S&T Bancorp

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.