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

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) 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.

Wall Street Analyst Weigh In

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 Price Performance

The business’s 50-day simple moving average is $42.24 and its two-hundred day simple moving average is $40.04. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 12.08 and a beta of 0.86. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) 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.

S&T Bancorp Announces Dividend

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.

Hedge Funds Weigh In On S&T Bancorp

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 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.