S&T Bancorp (NASDAQ:STBA) Stock Passes Above 200-Day Moving Average – Should You Sell?

S&T Bancorp, Inc. (NASDAQ:STBA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.62 and traded as high as $39.96. S&T Bancorp shares last traded at $39.46, with a volume of 114,800 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STBA. Keefe, Bruyette & Woods increased their price target on shares of S&T Bancorp from $41.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of S&T Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler dropped 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 report on Monday, October 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

S&T Bancorp Stock Performance

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 stock’s 50 day moving average is $39.92 and its 200 day moving average is $38.62. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 11.37 and a beta of 0.92.

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

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Thursday, November 13th were given a $0.36 dividend. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, November 13th. S&T Bancorp’s dividend payout ratio (DPR) is currently 41.50%.

Insider Activity at S&T Bancorp

In related news, Director Jeffrey D. Grube acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average price of $36.55 per share, for a total transaction of $91,375.00. Following the transaction, the director owned 44,985 shares in the company, valued at $1,644,201.75. This trade represents a 5.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On S&T Bancorp

Several institutional investors and hedge funds have recently modified their holdings of STBA. Millennium Management LLC increased its stake in S&T Bancorp by 33.5% in the third quarter. Millennium Management LLC now owns 459,153 shares of the financial services provider’s stock valued at $17,260,000 after purchasing an additional 115,333 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of S&T Bancorp in the first quarter valued at about $4,211,000. Qube Research & Technologies Ltd lifted its position in shares of S&T Bancorp by 58.0% during the third quarter. Qube Research & Technologies Ltd now owns 234,645 shares of the financial services provider’s stock worth $8,820,000 after purchasing an additional 86,125 shares in the last quarter. Edgestream Partners L.P. purchased a new position in S&T Bancorp in the 2nd quarter valued at about $3,193,000. Finally, Denali Advisors LLC acquired a new stake in shares of S&T Bancorp during the second quarter valued at about $1,843,000. Hedge funds and other 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.