S&T Bancorp (NASDAQ:STBA) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of S&T Bancorp (NASDAQ:STBA) from a sell rating to a hold rating in a report published on Thursday morning.

Separately, DA Davidson lifted their price target on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 19th.

S&T Bancorp Stock Down 1.7 %

Shares of STBA stock opened at $37.85 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp has a 1 year low of $25.11 and a 1 year high of $45.79. The firm’s fifty day moving average price is $41.20 and its two-hundred day moving average price is $36.65. The firm has a market capitalization of $1.45 billion, a P/E ratio of 10.72 and a beta of 0.79.

S&T Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 3.59%. S&T Bancorp’s payout ratio is currently 38.53%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of S&T Bancorp by 4,095.0% during the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 819 shares during the last quarter. GAMMA Investing LLC grew its stake in S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after buying an additional 526 shares during the last quarter. Innealta Capital LLC acquired a new position in S&T Bancorp in the 2nd quarter valued at about $53,000. EntryPoint Capital LLC grew its stake 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 valued at $92,000 after buying an additional 1,863 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in S&T Bancorp in the 1st quarter valued at about $152,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

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.