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

S&T Bancorp (NASDAQ:STBA – Get Rating) is set to release 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 are interested in registering for the company’s earnings conference call can do so using this link.

S&T Bancorp Stock Performance

Shares of STBA stock opened at $32.37 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $34.94 and a two-hundred day moving average of $32.81. S&T Bancorp has a 52 week low of $26.51 and a 52 week high of $38.39. The company has a market cap of $1.26 billion, a P/E ratio of 10.75 and a beta of 0.76.

Analyst Ratings Changes

Several brokerages have recently issued reports on STBA. Stephens boosted their price objective on S&T Bancorp from $31.50 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, October 24th. StockNews.com began coverage on S&T Bancorp in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Janney Montgomery Scott began coverage on S&T Bancorp in a research report on Thursday, September 29th. They set a “neutral” rating and a $32.00 price objective for the company.

Institutional Investors Weigh In On S&T Bancorp

A number of institutional investors have recently added to or reduced their stakes in STBA. Bank of New York Mellon Corp lifted its position in S&T Bancorp by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 510,968 shares of the financial services provider’s stock worth $15,115,000 after purchasing an additional 1,900 shares during the period. Citigroup Inc. lifted its position in S&T Bancorp by 10.9% in the first quarter. Citigroup Inc. now owns 35,073 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 3,456 shares during the period. Bank of Montreal Can lifted its position in S&T Bancorp by 89.3% in the first quarter. Bank of Montreal Can now owns 30,481 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 14,381 shares during the period. MetLife Investment Management LLC increased its holdings in shares of S&T Bancorp by 49.6% in the first quarter. MetLife Investment Management LLC now owns 21,802 shares of the financial services provider’s stock valued at $645,000 after buying an additional 7,227 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of S&T Bancorp by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,924 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 4,183 shares in the last quarter. 61.92% of the stock is currently owned by institutional investors and hedge funds.

About S&T Bancorp

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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.