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

S&T Bancorp, Inc. (NASDAQ:STBA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.50 and traded as high as $44.28. S&T Bancorp shares last traded at $44.27, with a volume of 239,225 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STBA. Zacks Research cut shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Janney Montgomery Scott upgraded shares of S&T Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, January 26th. DA Davidson started coverage on shares of S&T Bancorp in a report on Wednesday, February 25th. They set a “neutral” rating and a $47.00 target price on the stock. Wall Street Zen upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of S&T Bancorp in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.40.

S&T Bancorp Stock Up 2.2%

The business’s fifty day moving average price is $42.62 and its two-hundred day moving average price is $41.50. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. S&T Bancorp had a return on equity of 9.35% and a net margin of 23.71%.The company had revenue of $102.08 million during the quarter, compared to analysts’ expectations of $103.62 million. Equities analysts expect that S&T Bancorp, Inc. will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. S&T Bancorp’s payout ratio is 41.46%.

S&T Bancorp declared that its Board of Directors has approved a stock buyback plan on Thursday, January 22nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On S&T Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of STBA. Millennium Management LLC raised its position in shares of S&T Bancorp by 33.5% in the 3rd quarter. Millennium Management LLC now owns 459,153 shares of the financial services provider’s stock valued at $17,260,000 after purchasing an additional 115,333 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of S&T Bancorp in the 1st quarter valued at approximately $4,211,000. Qube Research & Technologies Ltd raised its position in shares of S&T Bancorp by 58.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 234,645 shares of the financial services provider’s stock valued at $8,820,000 after purchasing an additional 86,125 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of S&T Bancorp in the 4th quarter valued at approximately $3,052,000. Finally, State Street Corp raised its position in shares of S&T Bancorp by 3.7% in the 4th quarter. State Street Corp now owns 1,723,385 shares of the financial services provider’s stock valued at $67,815,000 after purchasing an additional 61,800 shares during the last quarter. 65.22% of the stock is owned by hedge funds and other 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.