S&T Bancorp (NASDAQ:STBA) Upgraded at DA Davidson

DA Davidson upgraded shares of S&T Bancorp (NASDAQ:STBA) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on STBA. Hovde Group lifted their price target on shares of S&T Bancorp from $44.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of S&T Bancorp in a research note on Monday, December 29th. Janney Montgomery Scott raised S&T Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, January 26th. Piper Sandler reduced their price objective on 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. Finally, Zacks Research upgraded S&T Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, S&T Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

S&T Bancorp Price Performance

Shares of STBA opened at $43.97 on Tuesday. The firm has a market cap of $1.68 billion, a PE ratio of 12.56 and a beta of 0.93. S&T Bancorp has a 52-week low of $30.84 and a 52-week high of $44.91. The business’s 50 day moving average price is $41.87 and its two-hundred day moving average price is $39.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $105.90 million during the quarter, compared to analyst estimates of $103.46 million. S&T Bancorp had a net margin of 23.61% and a return on equity of 9.25%. On average, equities analysts anticipate that S&T Bancorp will post 3.05 EPS for the current year.

S&T Bancorp declared that its board has authorized a share repurchase plan on Thursday, January 22nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.44 annualized dividend and a yield of 3.3%. S&T Bancorp’s dividend payout ratio (DPR) is 41.14%.

Hedge Funds Weigh In On S&T Bancorp

Several hedge funds have recently modified their holdings of STBA. Costello Asset Management INC bought a new position in shares of S&T Bancorp in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in S&T Bancorp by 5,223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 905 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 888 shares during the last quarter. Torren Management LLC bought a new position in S&T Bancorp in the 4th quarter valued at $37,000. Smithfield Trust Co bought a new position in S&T Bancorp in the 4th quarter valued at $40,000. Finally, Versant Capital Management Inc increased its position in shares of S&T Bancorp by 41.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,308 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp News Summary

Here are the key news stories impacting S&T Bancorp this week:

• Positive Sentiment: Hovde Group told investors it expects STBA’s stock price to rise, a bullish institutional view that can support demand among value-oriented investors. S&T Bancorp (NASDAQ:STBA) Stock Price Expected to Rise, Hovde Group Analyst Says
• Positive Sentiment: Zacks published a feature framing S&T as an attractive dividend stock today, which may draw income-focused buyers. Why S&T Bancorp (STBA) is a Great Dividend Stock Right Now
• Positive Sentiment: DA Davidson initiated coverage with a neutral/hold rating but set a $47 price target (about mid-single-digit upside vs. current levels), which can be interpreted as modest upside support for the shares. S&T Bancorp is now covered by analysts at DA Davidson (Benzinga)
• Neutral Sentiment: Multiple outlets reported DA Davidson’s coverage initiation (neutral/hold). Coverage brings more analyst attention and may increase trading interest without delivering a strongly bullish endorsement. S&T Bancorp Now Covered by Analysts at DA Davidson
• Negative Sentiment: Short interest rose sharply in February — up ~23% to 990,349 shares (about 2.6% of float) with a short-interest ratio near 4.5 days — indicating increased bearish bets that can weigh on the stock or amplify volatility.
• Negative Sentiment: One brokerage published a $42.25 price target, below the current share price, signaling at least one analyst view that sees limited near-term upside. Brokerages Set S&T Bancorp, Inc. (NASDAQ:STBA) PT at $42.25

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.