The stock of S & T Bancorp Inc (NASDAQ:STBA) is a huge mover today! The stock decreased 3.17% or $1.08 during the last trading session, hitting $32.95. About 212,129 shares traded hands or 78.39% up from the average. S & T Bancorp Inc (NASDAQ:STBA) has risen 31.64% since April 14, 2016 and is uptrending. It has outperformed by 26.96% the S&P500.
The move comes after 6 months negative chart setup for the $1.12 billion company. It was reported on Nov, 16 by Barchart.com. We have $30.64 PT which if reached, will make NASDAQ:STBA worth $78.40 million less.
S & T Bancorp Inc (NASDAQ:STBA) Ratings Coverage
Out of 5 analysts covering S&T Bancorp (NASDAQ:STBA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. S&T Bancorp has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 22 the stock rating was downgraded by Piper Jaffray to “Neutral”. The company was upgraded on Monday, October 24 by Piper Jaffray. The stock of S & T Bancorp Inc (NASDAQ:STBA) earned “Hold” rating by Zacks on Saturday, August 22. As per Wednesday, July 22, the company rating was maintained by RBC Capital Markets. The firm has “Market Perform” rating given on Wednesday, October 21 by Keefe Bruyette & Woods. The company was downgraded on Saturday, August 29 by Zacks. Zacks upgraded it to “Hold” rating and $34 target price in Wednesday, August 12 report.
According to Zacks Investment Research, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services.”
Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 1.57, from 2.43 in 2016Q1. The ratio worsened, as 14 funds sold all S & T Bancorp Inc shares owned while 35 reduced positions. 8 funds bought stakes while 34 increased positions. They now own 17.27 million shares or 4.39% less from 18.06 million shares in 2016Q1.
Ls Investment Advsrs Limited Co reported 1,262 shares or 0% of all its holdings. Burt Wealth Advsr reported 3,323 shares or 0.09% of all its holdings. Tiaa Cref Mngmt Lc has 116,005 shares for 0% of their US portfolio. Maltese Capital Management Limited Liability Com holds 0.23% or 75,000 shares in its portfolio. Aqr Capital Mgmt Ltd has invested 0% of its portfolio in S & T Bancorp Inc (NASDAQ:STBA). Alliancebernstein Ltd Partnership last reported 57,324 shares in the company. Advsr Asset Management holds 0% or 116 shares in its portfolio. Arizona State Retirement last reported 0.01% of its portfolio in the stock. Wells Fargo & Co Mn holds 0% or 20,628 shares in its portfolio. Citigroup Inc reported 8,404 shares or 0% of all its holdings. Prudential last reported 0.01% of its portfolio in the stock. Perkins Investment Management Limited Liability Com holds 0.2% or 537,311 shares in its portfolio. Macquarie Grp Inc has 1.11 million shares for 0.05% of their US portfolio. Bahl & Gaynor reported 39,815 shares or 0.01% of all its holdings. Moreover, Cambridge Invest Research Advsrs Incorporated has 0.01% invested in S & T Bancorp Inc (NASDAQ:STBA) for 22,738 shares.
Insider Transactions: Since October 24, 2016, the stock had 1 insider purchase, and 4 sales for $3.21 million net activity. $39,846 worth of shares were sold by JONES FRANK W on Wednesday, November 2. 39,136 shares with value of $1.23 million were sold by GIBSON JAMES THOMAS on Wednesday, November 9. Another trade for 2,004 shares valued at $60,000 was made by BRICE TODD D on Monday, October 24.
More news for S & T Bancorp Inc (NASDAQ:STBA) were recently published by: Prnewswire.com, which released: “S&T Bancorp, Inc. Declares Increased Dividend” on October 18, 2016. Reuters.com‘s article titled: “BRIEF-S&T Bancorp Inc Q3 earnings per share $0.59” and published on October 20, 2016 is yet another important article.
STBA Company Profile
S&T Bancorp, Inc. (S&T), incorporated on March 17, 1983, is a bank holding company. The Firm operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc. and STBA Capital Trust I. S&T operates in three divisions: Community Banking, Wealth Management and Insurance. It also owns interest in Commonwealth Trust Credit Life Insurance Company (CTCLIC). The Company’s subsidiary, S&T Bank, is a full service bank. S&T Bank is engaged in providing services to its clients through locations in Pennsylvania, Ohio and New York. S&T Bank operates under the name, Integrity Bank – A division of S&T Bank, in south-central Pennsylvania. S&T Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC). S&T Bank has three subsidiaries: S&T Insurance Group, LLC, S&T Bancholdings, Inc. and Stewart Capital Advisors, LLC. S&T Insurance Group, LLC, through its subsidiaries, offers a variety of insurance products. S&T Bancholdings, Inc. is an investment company. Stewart Capital Advisors, LLC, is a registered investment advisor that manages private investment accounts for individuals and institutions and advises the Stewart Capital Mid Cap Fund.
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