James C. Miller Sells 5,000 Shares of S & T Bancorp Inc (STBA) Stock
S & T Bancorp Inc (NASDAQ:STBA) Director James C. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.56, for a total value of $197,800.00. Following the sale, the director now directly owns 44,176 shares of the company’s stock, valued at $1,747,602.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
S & T Bancorp Inc (NASDAQ STBA) traded up $1.84 on Friday, reaching $40.74. The company’s stock had a trading volume of 334,140 shares, compared to its average volume of 83,615. The stock has a market cap of $1,360.69, a P/E ratio of 16.69 and a beta of 0.86. S & T Bancorp Inc has a one year low of $31.72 and a one year high of $43.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.95.
S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. S & T Bancorp had a return on equity of 9.41% and a net margin of 26.44%. The business had revenue of $71.01 million for the quarter, compared to the consensus estimate of $73.70 million. During the same period last year, the business posted $0.59 EPS. equities analysts anticipate that S & T Bancorp Inc will post 2.37 EPS for the current year.
Several large investors have recently made changes to their positions in STBA. Macquarie Group Ltd. increased its holdings in shares of S & T Bancorp by 11.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,164,433 shares of the financial services provider’s stock valued at $46,088,000 after acquiring an additional 115,210 shares during the period. Dimensional Fund Advisors LP grew its stake in S & T Bancorp by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,662,587 shares of the financial services provider’s stock worth $59,621,000 after buying an additional 59,351 shares during the last quarter. Mutual of America Capital Management LLC purchased a new position in S & T Bancorp during the 2nd quarter worth $1,760,000. Ameriprise Financial Inc. grew its stake in S & T Bancorp by 16.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 279,541 shares of the financial services provider’s stock worth $10,028,000 after buying an additional 40,464 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in S & T Bancorp during the 3rd quarter worth $1,413,000. Institutional investors and hedge funds own 55.18% of the company’s stock.
STBA has been the subject of a number of research analyst reports. BidaskClub lowered S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised S & T Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $41.50 price objective on shares of S & T Bancorp in a report on Friday, October 20th. Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a report on Friday, October 20th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $36.50 price objective on shares of S & T Bancorp in a report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. S & T Bancorp currently has a consensus rating of “Hold” and a consensus target price of $41.33.
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S & T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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