S & T Bancorp (NASDAQ:STBA) Upgraded to “Sell” by BidaskClub

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BidaskClub upgraded shares of S & T Bancorp (NASDAQ:STBA) from a strong sell rating to a sell rating in a research note released on Thursday morning, BidAskClub reports.

A number of other research analysts have also issued reports on STBA. Zacks Investment Research lowered shares of S & T Bancorp from a hold rating to a sell rating in a research report on Tuesday, September 10th. ValuEngine lowered shares of S & T Bancorp from a hold rating to a sell rating in a research report on Friday, June 21st.

S & T Bancorp stock opened at $37.67 on Thursday. The company’s 50-day moving average price is $35.50 and its two-hundred day moving average price is $38.00. S & T Bancorp has a twelve month low of $33.30 and a twelve month high of $46.28. The stock has a market cap of $1.28 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.27 and a beta of 0.68. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.12.

S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. S & T Bancorp had a net margin of 30.00% and a return on equity of 11.35%. The firm had revenue of $73.73 million for the quarter, compared to analyst estimates of $72.62 million. Equities analysts anticipate that S & T Bancorp will post 2.93 earnings per share for the current fiscal year.

In other S & T Bancorp news, insider David P. Ruddock sold 1,768 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $37.27, for a total transaction of $65,893.36. Following the transaction, the insider now owns 9,549 shares in the company, valued at approximately $355,891.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Several large investors have recently made changes to their positions in STBA. Meeder Asset Management Inc. acquired a new position in shares of S & T Bancorp during the 2nd quarter worth approximately $29,000. Acadian Asset Management LLC acquired a new stake in shares of S & T Bancorp during the 2nd quarter worth approximately $40,000. Huntington National Bank boosted its position in shares of S & T Bancorp by 18.3% during the 2nd quarter. Huntington National Bank now owns 1,883 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 291 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of S & T Bancorp during the 2nd quarter worth approximately $74,000. Finally, Coastal Investment Advisors Inc. boosted its position in shares of S & T Bancorp by 384.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,962 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,350 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

About S & T Bancorp

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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