S & T Bancorp (NASDAQ:STBA) Sets New 1-Year Low at $18.84

S & T Bancorp Inc (NASDAQ:STBA)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $18.84 and last traded at $18.84, with a volume of 364 shares traded. The stock had previously closed at $19.00.

A number of research firms have recently commented on STBA. Raymond James restated a “neutral” rating on shares of S & T Bancorp in a report on Thursday, September 10th. ValuEngine downgraded S & T Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Stephens began coverage on S & T Bancorp in a report on Monday, June 1st. They issued an “equal weight” rating and a $27.50 price objective on the stock. BidaskClub upgraded S & T Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 9th. Finally, Zacks Investment Research downgraded S & T Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. S & T Bancorp presently has a consensus rating of “Sell” and a consensus target price of $36.25.

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The firm has a market cap of $745.79 million, a price-to-earnings ratio of 21.11 and a beta of 0.57. The firm has a 50-day moving average of $20.90 and a two-hundred day moving average of $24.00.

S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $85.37 million during the quarter, compared to analysts’ expectations of $83.35 million. S & T Bancorp had a return on equity of 7.66% and a net margin of 7.60%. As a group, equities analysts anticipate that S & T Bancorp Inc will post 1.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, August 12th. This represents a $1.12 annualized dividend and a yield of 5.94%. S & T Bancorp’s dividend payout ratio (DPR) is presently 36.25%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in S & T Bancorp by 5.5% during the 1st quarter. BlackRock Inc. now owns 5,766,733 shares of the financial services provider’s stock worth $157,546,000 after acquiring an additional 299,576 shares in the last quarter. State Street Corp boosted its holdings in S & T Bancorp by 11.4% in the first quarter. State Street Corp now owns 1,325,837 shares of the financial services provider’s stock valued at $36,222,000 after purchasing an additional 135,222 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in S & T Bancorp by 4.0% in the second quarter. Macquarie Group Ltd. now owns 1,283,438 shares of the financial services provider’s stock valued at $30,096,000 after purchasing an additional 48,877 shares in the last quarter. Geode Capital Management LLC boosted its holdings in S & T Bancorp by 7.0% in the first quarter. Geode Capital Management LLC now owns 574,626 shares of the financial services provider’s stock valued at $15,698,000 after purchasing an additional 37,416 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in S & T Bancorp by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 564,616 shares of the financial services provider’s stock valued at $13,240,000 after purchasing an additional 9,277 shares in the last quarter. Hedge funds and other institutional investors own 59.71% of the company’s stock.

S & T Bancorp Company Profile (NASDAQ:STBA)

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 accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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