S&T Bancorp, Inc. (NASDAQ:STBA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

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. “

A number of other research firms have also weighed in on STBA. Piper Jaffray Companies lowered shares of S&T Bancorp from an “overweight” rating to a “neutral” rating and set a $32.00 target price for the company. in a research report on Wednesday, November 16th. Boenning Scattergood lowered shares of S&T Bancorp from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 17th.

S&T Bancorp (NASDAQ:STBA) opened at 37.22 on Wednesday. The firm has a 50-day moving average of $37.56 and a 200-day moving average of $32.55. S&T Bancorp has a one year low of $23.06 and a one year high of $39.84. The company has a market cap of $1.30 billion, a PE ratio of 18.16 and a beta of 0.95.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.03. S&T Bancorp had a net margin of 25.28% and a return on equity of 8.61%. During the same quarter last year, the business posted $0.50 earnings per share. On average, analysts predict that S&T Bancorp will post $2.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, February 7th. S&T Bancorp’s dividend payout ratio is 39.02%.

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In other S&T Bancorp news, Director Jerry Delmar Hostetter sold 2,000 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $37.62, for a total transaction of $75,240.00. Following the completion of the transaction, the director now owns 9,204 shares of the company’s stock, valued at approximately $346,254.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas J. Sposito II sold 10,000 shares of the business’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $36.25, for a total transaction of $362,500.00. Following the transaction, the insider now directly owns 31,685 shares of the company’s stock, valued at approximately $1,148,581.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,625 shares of company stock valued at $819,341. Company insiders own 3.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in S&T Bancorp by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,872,282 shares of the financial services provider’s stock worth $70,227,000 after buying an additional 110,031 shares in the last quarter. BlackRock Fund Advisors raised its position in S&T Bancorp by 8.1% in the third quarter. BlackRock Fund Advisors now owns 2,379,387 shares of the financial services provider’s stock worth $68,978,000 after buying an additional 177,272 shares in the last quarter. Dimensional Fund Advisors LP raised its position in S&T Bancorp by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,522,617 shares of the financial services provider’s stock worth $59,444,000 after buying an additional 115,394 shares in the last quarter. Macquarie Group Ltd. raised its position in S&T Bancorp by 2.8% in the second quarter. Macquarie Group Ltd. now owns 1,105,702 shares of the financial services provider’s stock worth $27,034,000 after buying an additional 30,370 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in S&T Bancorp by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 916,984 shares of the financial services provider’s stock worth $26,583,000 after buying an additional 10,699 shares in the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.

About S&T Bancorp

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc and STBA Capital Trust I. S&T operates in three segments: Community Banking, Wealth Management and Insurance. The Company’s community banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans.

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