S&T Bancorp (NASDAQ:STBA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

S&T Bancorp, Inc. (NASDAQ:STBA)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.01 and traded as high as $41.49. S&T Bancorp shares last traded at $41.30, with a volume of 329,422 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on STBA. Wall Street Zen upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Zacks Research cut shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. DA Davidson initiated coverage on shares of S&T Bancorp in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&T Bancorp in a report on Monday, December 29th. Finally, Hovde Group boosted their price objective on S&T Bancorp from $44.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.40.

S&T Bancorp Trading Up 0.9%

The firm has a market capitalization of $1.51 billion, a P/E ratio of 11.80 and a beta of 0.92. The business’s 50 day moving average is $42.20 and its two-hundred day moving average is $40.01. 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 released its earnings results on Thursday, January 22nd. The financial services provider reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. S&T Bancorp had a net margin of 23.61% and a return on equity of 9.25%. The firm had revenue of $105.90 million for the quarter, compared to analysts’ expectations of $103.46 million. Analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 12th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, February 12th. S&T Bancorp’s dividend payout ratio (DPR) is currently 41.14%.

S&T Bancorp announced that its Board of Directors has approved a stock buyback program 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 buy up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On S&T Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dean Capital Management raised its stake in shares of S&T Bancorp by 30.3% in the 4th quarter. Dean Capital Management now owns 47,830 shares of the financial services provider’s stock worth $1,882,000 after buying an additional 11,132 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of S&T Bancorp in the fourth quarter valued at $202,000. XTX Topco Ltd bought a new position in S&T Bancorp during the fourth quarter valued at about $624,000. Man Group plc bought a new position in S&T Bancorp during the fourth quarter valued at about $289,000. Finally, Engineers Gate Manager LP acquired a new position in S&T Bancorp during the fourth quarter worth about $243,000. 65.22% of the stock is owned by institutional investors.

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.