S&T Bancorp (NASDAQ:STBA) Downgraded by StockNews.com to “Sell”

S&T Bancorp (NASDAQ:STBA) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

S&T Bancorp Stock Performance

STBA traded down $0.09 during mid-day trading on Wednesday, reaching $32.87. 115,177 shares of the company traded hands, compared to its average volume of 164,739. The stock has a market capitalization of $1.26 billion, a P/E ratio of 9.31 and a beta of 0.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $31.05 and its 200-day moving average price is $31.23. S&T Bancorp has a 52-week low of $24.51 and a 52-week high of $36.28.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $96.31 million during the quarter, compared to analyst estimates of $96.30 million. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. On average, sell-side analysts expect that S&T Bancorp will post 3.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Graham Capital Management L.P. boosted its holdings in shares of S&T Bancorp by 83.0% during the 3rd quarter. Graham Capital Management L.P. now owns 14,548 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 6,600 shares during the last quarter. Boston Partners boosted its holdings in shares of S&T Bancorp by 10.2% during the 3rd quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock valued at $11,156,000 after purchasing an additional 38,443 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of S&T Bancorp during the 3rd quarter valued at about $1,152,000. Commonwealth Equity Services LLC boosted its holdings in shares of S&T Bancorp by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 512 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of S&T Bancorp by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,310 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 1,212 shares during the last quarter. 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.