S&T Bancorp (NASDAQ:STBA) Sets New 12-Month High – Time to Buy?

S&T Bancorp, Inc. (NASDAQ:STBA)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.71 and last traded at $43.80, with a volume of 36520 shares traded. The stock had previously closed at $41.94.

S&T Bancorp News Summary

Here are the key news stories impacting S&T Bancorp this week:

• Positive Sentiment: Board authorizes $100M buyback (~6.2% of shares) — a strong capital return signal that can support the stock and EPS over time. PR Newswire: Buyback
• Positive Sentiment: Q4 results: EPS $0.89 (in line with consensus) and revenue $105.29M (above consensus $103.46M); net income $34.0M—shows solid topline and profitability for the quarter. PR Newswire: Q4 Results
• Positive Sentiment: Earnings call highlighted profit improvement and credit cleanup — progress on asset quality and cost/profit drivers can reduce investor uncertainty if trends continue. TipRanks: Call Highlights
• Neutral Sentiment: Coverage/analysis notes: Zacks pieces discuss the dividend potential and walk through Q4 metrics — useful context for income‑oriented investors but not a catalyst by itself. Zacks: Dividend Stock Analysis
• Neutral Sentiment: Full call transcript and earnings snapshots are available for deeper review of guidance, credit commentary and line‑item detail. Seeking Alpha: Transcript
• Negative Sentiment: Shares moved lower today on higher-than-average volume despite the buyback and revenue beat — likely profit‑taking or broader market/bank‑sector pressure; keep an eye on whether buybacks are executed and future guidance. MarketBeat: STBA Quote

Wall Street Analyst Weigh In

A number of research firms have weighed in on STBA. Piper Sandler cut their price target on S&T Bancorp from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Keefe, Bruyette & Woods boosted their target price on S&T Bancorp from $41.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&T Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.00.

S&T Bancorp Stock Performance

The company has a market cap of $1.57 billion, a PE ratio of 11.74 and a beta of 0.92. The stock has a 50 day simple moving average of $40.32 and a two-hundred day simple moving average of $38.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. S&T Bancorp had a net margin of 23.61% and a return on equity of 9.25%. The business had revenue of $105.29 million for the quarter, compared to analysts’ expectations of $103.46 million. Equities analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were issued a dividend of $0.36 per share. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, November 13th. S&T Bancorp’s dividend payout ratio is 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 repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Jeffrey D. Grube bought 2,500 shares of the stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $36.55 per share, for a total transaction of $91,375.00. Following the purchase, the director owned 44,985 shares of the company’s stock, valued at $1,644,201.75. This trade represents a 5.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On S&T Bancorp

Several hedge funds have recently modified their holdings of STBA. Legend Financial Advisors Inc. purchased a new position in S&T Bancorp during the 2nd quarter worth $128,000. Edgestream Partners L.P. purchased a new stake in shares of S&T Bancorp in the second quarter valued at about $3,193,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of S&T Bancorp during the second quarter worth about $212,000. CWM LLC raised its holdings in S&T Bancorp by 12.3% during the second quarter. CWM LLC now owns 8,083 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 888 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in S&T Bancorp by 1.0% during the second quarter. Geode Capital Management LLC now owns 955,356 shares of the financial services provider’s stock worth $36,134,000 after purchasing an additional 9,452 shares in the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

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.