S&T Bancorp, Inc. (NASDAQ:STBA – Get Free Report) Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total transaction of $215,272.22. Following the completion of the transaction, the director now directly owns 23,143 shares of the company’s stock, valued at $1,000,009.03. This trade represents a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
S&T Bancorp Price Performance
Shares of NASDAQ:STBA opened at $42.34 on Friday. The business has a 50-day simple moving average of $40.77 and a two-hundred day simple moving average of $37.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 12.06 and a beta of 0.80. S&T Bancorp, Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $45.79.
S&T Bancorp (NASDAQ:STBA – Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. The firm had revenue of $96.35 million during the quarter, compared to analysts’ expectations of $98.90 million. On average, analysts expect that S&T Bancorp, Inc. will post 3.36 earnings per share for the current year.
S&T Bancorp Increases Dividend
Analysts Set New Price Targets
Several equities research analysts recently weighed in on STBA shares. StockNews.com raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson lifted their target price on S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 19th.
Check Out Our Latest Stock Analysis on S&T Bancorp
Institutional Trading of S&T Bancorp
Several large investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in S&T Bancorp by 4,095.0% during the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after buying an additional 819 shares during the period. GAMMA Investing LLC grew its position in shares of S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 526 shares during the period. Innealta Capital LLC purchased a new stake in shares of S&T Bancorp in the 2nd quarter worth $53,000. EntryPoint Capital LLC raised its holdings in S&T Bancorp by 188.0% in the 1st quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,863 shares during the period. Finally, SG Americas Securities LLC bought a new position in S&T Bancorp in the 1st quarter worth $152,000. Institutional investors own 65.22% of the company’s stock.
S&T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.
See Also
- Five stocks we like better than S&T Bancorp
- Earnings Per Share Calculator: How to Calculate EPS
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Top-Performing Non-Leveraged ETFs This Year
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Receive News & Ratings for S&T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.