S&T Bancorp Inc. (NASDAQ:STBA) is scheduled to be announcing its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $64.21 million for the quarter.
Shares of S&T Bancorp Inc. (NASDAQ:STBA) opened at 28.16 on Wednesday. The firm has a market cap of $983.23 million, a price-to-earnings ratio of 14.16 and a beta of 1.07. S&T Bancorp Inc. has a 12 month low of $23.06 and a 12 month high of $34.00. The company’s 50-day moving average is $28.62 and its 200-day moving average is $26.36.
A number of hedge funds have recently modified their holdings of STBA. BlackRock Fund Advisors increased its stake in shares of S&T Bancorp by 2.8% in the second quarter. BlackRock Fund Advisors now owns 2,202,115 shares of the financial services provider’s stock valued at $53,842,000 after buying an additional 59,631 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in S&T Bancorp during the second quarter worth approximately $265,000. BlackRock Inc. increased its stake in S&T Bancorp by 302.5% in the second quarter. BlackRock Inc. now owns 9,934 shares of the financial services provider’s stock worth $243,000 after buying an additional 7,466 shares during the period. BlackRock Investment Management LLC increased its stake in S&T Bancorp by 4.3% in the second quarter. BlackRock Investment Management LLC now owns 165,040 shares of the financial services provider’s stock worth $4,035,000 after buying an additional 6,823 shares during the period. Finally, Advisor Group Inc. bought a new stake in S&T Bancorp during the second quarter worth approximately $113,000. Hedge funds and other institutional investors own 50.72% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of S&T Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
S&T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc and STBA Capital Trust I. S&T operates in three segments: Community Banking, Wealth Management and Insurance. The Company’s community banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans.
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