Weekly Research Analysts’ Ratings Updates for S&T Bancorp (STBA)

A number of research firms have changed their ratings and price targets for S&T Bancorp (NASDAQ: STBA):

• 7/26/2017 – S&T Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
• 7/25/2017 – S&T Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
• 7/25/2017 – S&T Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
• 7/19/2017 – S&T Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
• 6/30/2017 – S&T Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
• 6/22/2017 – S&T Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
• 6/16/2017 – S&T Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
• 6/10/2017 – S&T Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of S&T Bancorp, Inc. (STBA) traded down 2.83% during trading on Wednesday, hitting $37.49. 56,960 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $36.02 and its 200-day moving average price is $35.74. S&T Bancorp, Inc. has a 1-year low of $24.83 and a 1-year high of $39.84. The stock has a market cap of $1.31 billion, a PE ratio of 16.50 and a beta of 0.83.

S&T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. S&T Bancorp had a net margin of 26.52% and a return on equity of 9.30%. The firm had revenue of $72.84 million for the quarter, compared to analyst estimates of $71.98 million. During the same period last year, the firm earned $0.49 EPS. On average, equities analysts expect that S&T Bancorp, Inc. will post $2.30 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.13%. S&T Bancorp’s payout ratio is currently 35.24%.

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.