S&T Bancorp (STBA) Scheduled to Post Earnings on Thursday

S&T Bancorp (NASDAQ:STBA – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, January 26th. Analysts expect S&T Bancorp to post earnings of $0.95 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

S&T Bancorp Price Performance

Shares of S&T Bancorp stock opened at $32.37 on Wednesday. S&T Bancorp has a twelve month low of $26.51 and a twelve month high of $38.39. The stock has a market capitalization of $1.26 billion, a P/E ratio of 10.75 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $34.94 and its 200 day moving average price is $32.81.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its position in S&T Bancorp by 4.7% in the third quarter. Captrust Financial Advisors now owns 8,592 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 382 shares during the period. Pathstone Family Office LLC increased its position in shares of S&T Bancorp by 5.4% during the third quarter. Pathstone Family Office LLC now owns 7,699 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 393 shares during the last quarter. Eaton Vance Management increased its position in shares of S&T Bancorp by 5.9% during the first quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 435 shares during the last quarter. First Trust Advisors LP increased its position in shares of S&T Bancorp by 2.7% during the first quarter. First Trust Advisors LP now owns 18,933 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 494 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of S&T Bancorp by 10.1% during the second quarter. BNP Paribas Arbitrage SA now owns 17,457 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 1,604 shares during the last quarter. 61.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STBA. Stephens lifted their target price on S&T Bancorp from $31.50 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 24th. Janney Montgomery Scott started coverage on S&T Bancorp in a research report on Thursday, September 29th. They issued a “neutral” rating and a $32.00 price objective on the stock. Finally, StockNews.com started coverage on S&T Bancorp in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

S&T Bancorp Company Profile

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S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer.