S&T Bancorp (NASDAQ:STBA) Downgraded by StockNews.com

S&T Bancorp (NASDAQ:STBA) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

S&T Bancorp Stock Down 0.6 %

S&T Bancorp stock opened at $31.89 on Tuesday. The stock has a market cap of $1.22 billion, a P/E ratio of 8.53 and a beta of 0.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. S&T Bancorp has a twelve month low of $24.51 and a twelve month high of $36.28. The company’s 50-day moving average price is $31.81 and its two-hundred day moving average price is $30.14.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The firm had revenue of $103.17 million for the quarter, compared to analysts’ expectations of $100.10 million. S&T Bancorp had a net margin of 27.03% and a return on equity of 11.70%. As a group, analysts expect that S&T Bancorp will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Graham Capital Management L.P. increased its holdings in shares of S&T Bancorp by 83.0% during the third quarter. Graham Capital Management L.P. now owns 14,548 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 6,600 shares during the period. Boston Partners boosted its position in shares of S&T Bancorp by 10.2% during the 3rd quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock worth $11,156,000 after acquiring an additional 38,443 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of S&T Bancorp during the 3rd quarter worth approximately $1,152,000. Waldron Private Wealth LLC boosted its position in shares of S&T Bancorp by 581.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 146,558 shares of the financial services provider’s stock worth $3,968,000 after acquiring an additional 125,042 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of S&T Bancorp by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,310 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 1,212 shares in the last quarter. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.