S&T Bancorp (NASDAQ:STBA - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Thursday.
Separately, DA Davidson lifted their target price on shares of S&T Bancorp from $32.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, July 19th.
View Our Latest Analysis on S&T Bancorp
S&T Bancorp Trading Up 0.1 %
NASDAQ:STBA traded up $0.02 on Thursday, reaching $38.51. 180,403 shares of the stock traded hands, compared to its average volume of 162,701. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 10.97 and a beta of 0.79. S&T Bancorp has a 1-year low of $24.51 and a 1-year high of $45.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $41.26 and its 200-day moving average is $36.57.
Hedge Funds Weigh In On S&T Bancorp
Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in S&T Bancorp by 4,095.0% during the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider's stock worth $35,000 after acquiring an additional 819 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider's stock worth $49,000 after purchasing an additional 526 shares in the last quarter. Innealta Capital LLC bought a new position in shares of S&T Bancorp in the 2nd quarter worth $53,000. EntryPoint Capital LLC raised its holdings in S&T Bancorp by 188.0% during the first quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider's stock worth $92,000 after buying an additional 1,863 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of S&T Bancorp in the first quarter valued at $152,000. 65.22% of the stock is owned by institutional investors and hedge funds.
S&T Bancorp Company Profile
(
Get Free Report)
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.
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