BidaskClub Downgrades S & T Bancorp (NASDAQ:STBA) to Sell

S & T Bancorp (NASDAQ:STBA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Monday, February 4th.

Other equities research analysts also recently issued research reports about the company. Boenning Scattergood reaffirmed a “hold” rating on shares of S & T Bancorp in a report on Thursday, January 31st. Zacks Investment Research downgraded S & T Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 20th. Finally, ValuEngine raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. S & T Bancorp currently has an average rating of “Hold” and an average target price of $51.00.

S & T Bancorp stock opened at $41.36 on Monday. S & T Bancorp has a one year low of $35.16 and a one year high of $47.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.34 and a beta of 0.67.

S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.01). S & T Bancorp had a return on equity of 11.52% and a net margin of 31.07%. The company had revenue of $70.94 million for the quarter, compared to the consensus estimate of $72.94 million. Equities research analysts expect that S & T Bancorp will post 3.1 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of STBA. Huntington National Bank acquired a new stake in shares of S & T Bancorp during the 4th quarter valued at $57,000. Millennium Management LLC boosted its holdings in shares of S & T Bancorp by 47.0% during the 4th quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 2,216 shares in the last quarter. Fort Pitt Capital Group LLC acquired a new stake in shares of S & T Bancorp during the 4th quarter valued at $311,000. Piedmont Investment Advisors Inc. boosted its holdings in shares of S & T Bancorp by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,321 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 267 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of S & T Bancorp during the 3rd quarter valued at $343,000. 59.77% of the stock is currently owned by hedge funds and other institutional investors.

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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