S&T Bancorp (NASDAQ:STBA) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of S&T Bancorp, Inc. (NASDAQ:STBA – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.01 and traded as high as $41.49. S&T Bancorp shares last traded at $41.30, with a volume of 329,422 shares changing hands.

Several analysts have recently weighed in on STBA shares. Zacks Research lowered S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Hovde Group upped their price objective on shares of S&T Bancorp from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&T Bancorp in a report on Monday, December 29th. Janney Montgomery Scott raised S&T Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, S&T Bancorp has a consensus rating of “Hold” and an average price target of $44.40.

S&T Bancorp (NASDAQ:STBA – Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. S&T Bancorp had a return on equity of 9.25% and a net margin of 23.61%.The firm had revenue of $105.90 million for the quarter, compared to analyst estimates of $103.46 million. As a group, research analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 12th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.44 annualized dividend and a dividend yield of 3.4%. S&T Bancorp’s payout ratio is presently 41.14%.

S&T Bancorp declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 22nd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 6.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently modified their holdings of STBA. State Street Corp grew its stake in shares of S&T Bancorp by 3.7% during the 4th quarter. State Street Corp now owns 1,723,385 shares of the financial services provider’s stock worth $67,815,000 after acquiring an additional 61,800 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in S&T Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,624,436 shares of the financial services provider’s stock worth $63,922,000 after purchasing an additional 20,411 shares in the last quarter. Geode Capital Management LLC boosted its stake in S&T Bancorp by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 958,685 shares of the financial services provider’s stock valued at $37,729,000 after buying an additional 3,388 shares during the period. Millennium Management LLC boosted its position in shares of S&T Bancorp by 33.5% during the 3rd quarter. Millennium Management LLC now owns 459,153 shares of the financial services provider’s stock valued at $17,260,000 after acquiring an additional 115,333 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in S&T Bancorp by 2.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 299,373 shares of the financial services provider’s stock worth $11,253,000 after buying an additional 7,342 shares in the last quarter. 65.22% of the stock is owned by institutional investors.

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.

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