Brokerages Set S&T Bancorp, Inc. (NASDAQ:STBA) Target Price at $31.15

Shares of S&T Bancorp, Inc. (NASDAQ:STBAGet Rating) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.15.

STBA has been the subject of a number of recent analyst reports. DA Davidson reissued a “neutral” rating on shares of S&T Bancorp in a research report on Friday, January 28th. StockNews.com initiated coverage on S&T Bancorp in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, April 6th.

Shares of STBA opened at $27.96 on Thursday. S&T Bancorp has a 52-week low of $27.02 and a 52-week high of $34.68. The company has a market capitalization of $1.10 billion, a PE ratio of 9.99 and a beta of 0.67. The stock has a fifty day simple moving average of $30.26 and a two-hundred day simple moving average of $31.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06.

S&T Bancorp (NASDAQ:STBAGet Rating) last issued its quarterly earnings data on Thursday, January 27th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.06). The business had revenue of $84.54 million for the quarter, compared to analyst estimates of $83.45 million. S&T Bancorp had a return on equity of 9.26% and a net margin of 31.18%. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, equities analysts anticipate that S&T Bancorp will post 2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 24th. Investors of record on Thursday, February 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, February 9th. S&T Bancorp’s dividend payout ratio (DPR) is 41.43%.

A number of institutional investors have recently made changes to their positions in STBA. First Trust Advisors LP boosted its holdings in S&T Bancorp by 12.5% during the 1st quarter. First Trust Advisors LP now owns 86,468 shares of the financial services provider’s stock valued at $3,418,000 after acquiring an additional 9,587 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of S&T Bancorp in the 1st quarter valued at about $115,000. Millennium Management LLC boosted its stake in shares of S&T Bancorp by 58.2% in the 2nd quarter. Millennium Management LLC now owns 10,541 shares of the financial services provider’s stock valued at $330,000 after buying an additional 3,879 shares during the period. Morgan Stanley boosted its stake in shares of S&T Bancorp by 36.4% in the 2nd quarter. Morgan Stanley now owns 171,133 shares of the financial services provider’s stock valued at $5,356,000 after buying an additional 45,679 shares during the period. Finally, Strs Ohio boosted its stake in shares of S&T Bancorp by 46.3% in the 3rd quarter. Strs Ohio now owns 33,200 shares of the financial services provider’s stock valued at $978,000 after buying an additional 10,500 shares during the period. Institutional investors own 59.43% of the company’s stock.

About S&T Bancorp (Get Rating)

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

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