S&T Bancorp (NASDAQ:STBA) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.52 and traded as high as $40.48. S&T Bancorp shares last traded at $39.99, with a volume of 169,929 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler reduced their target price on shares of S&T Bancorp from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&T Bancorp in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods increased their price objective on S&T Bancorp from $41.00 to $42.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.00.

S&T Bancorp Stock Up 1.9%

The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 11.52 and a beta of 0.92. The stock’s 50 day moving average is $39.55 and its 200 day moving average is $38.52. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter. S&T Bancorp had a return on equity of 9.32% and a net margin of 23.72%.The firm had revenue of $103.61 million during the quarter. Analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.34. S&T Bancorp’s dividend payout ratio is currently 41.50%.

Insider Buying and Selling at S&T Bancorp

In other S&T Bancorp news, Director Jeffrey D. Grube acquired 2,500 shares of the stock in a transaction dated Tuesday, October 28th. The shares were bought at an average price of $36.55 per share, with a total value of $91,375.00. Following the purchase, the director directly owned 44,985 shares of the company’s stock, valued at approximately $1,644,201.75. This trade represents a 5.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new stake in shares of S&T Bancorp during the 1st quarter valued at $793,000. Royal Bank of Canada lifted its holdings in shares of S&T Bancorp by 10.1% during the first quarter. Royal Bank of Canada now owns 13,147 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 1,206 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of S&T Bancorp by 54.9% in the 1st quarter. AQR Capital Management LLC now owns 36,148 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 12,810 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in S&T Bancorp in the 1st quarter worth about $2,503,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in S&T Bancorp by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,756 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 1,086 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 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.