S&T Bancorp, Inc. (NASDAQ:STBA) Receives $44.40 Consensus Target Price from Brokerages

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $44.40.

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. DA Davidson assumed coverage on shares of S&T Bancorp in a report on Wednesday, February 25th. They set a “neutral” rating and a $47.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of S&T Bancorp in a report on Monday, April 27th. Hovde Group boosted their target price on shares of S&T Bancorp from $44.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. Finally, Zacks Research cut shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th.

S&T Bancorp Stock Performance

Shares of STBA stock opened at $45.34 on Friday. S&T Bancorp has a 12 month low of $34.01 and a 12 month high of $45.63. The stock has a market cap of $1.63 billion, a PE ratio of 12.70 and a beta of 0.85. 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 company’s fifty day moving average price is $43.80 and its 200-day moving average price is $42.15.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. The firm had revenue of $102.08 million for the quarter, compared to analysts’ expectations of $103.62 million. On average, equities analysts expect that S&T Bancorp will post 3.75 EPS for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, May 14th. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.36. S&T Bancorp’s dividend payout ratio (DPR) is presently 41.46%.

Hedge Funds Weigh In On S&T Bancorp

Hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in S&T Bancorp by 32.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 172,697 shares of the financial services provider’s stock worth $6,492,000 after purchasing an additional 42,015 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in S&T Bancorp by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,208 shares of the financial services provider’s stock worth $1,925,000 after purchasing an additional 13,988 shares in the last quarter. Denali Advisors LLC boosted its stake in S&T Bancorp by 82.0% in the 3rd quarter. Denali Advisors LLC now owns 88,700 shares of the financial services provider’s stock worth $3,334,000 after purchasing an additional 39,977 shares in the last quarter. Global Retirement Partners LLC bought a new position in S&T Bancorp in the 4th quarter worth about $3,052,000. Finally, New York State Common Retirement Fund boosted its stake in S&T Bancorp by 47.4% in the 3rd quarter. New York State Common Retirement Fund now owns 39,814 shares of the financial services provider’s stock worth $1,497,000 after purchasing an additional 12,800 shares in the last quarter. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.