FY2024 EPS Estimates for S&T Bancorp Lifted by DA Davidson

S&T Bancorp, Inc. (NASDAQ:STBA) – Analysts at DA Davidson increased their FY2024 earnings estimates for shares of S&T Bancorp in a research note issued to investors on Friday, October 18th. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings of $3.35 per share for the year, up from their prior estimate of $3.30. DA Davidson currently has a “Neutral” rating and a $41.00 price target on the stock. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.33 per share. DA Davidson also issued estimates for S&T Bancorp’s Q4 2024 earnings at $0.76 EPS.

Separately, StockNews.com downgraded S&T Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th.

S&T Bancorp Stock Up 0.2 %

Shares of NASDAQ STBA opened at $38.75 on Monday. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $45.79. The firm has a 50-day simple moving average of $41.31 and a two-hundred day simple moving average of $36.54. The company has a market cap of $1.48 billion, a P/E ratio of 11.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99.

Institutional Trading of S&T Bancorp

Large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in S&T Bancorp by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of S&T Bancorp by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 33,461 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 432 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of S&T Bancorp by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider’s stock valued at $649,000 after acquiring an additional 498 shares in the last quarter. GAMMA Investing LLC lifted its stake in S&T Bancorp by 80.8% in the third quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 526 shares during the period. Finally, HBK Sorce Advisory LLC lifted its stake in S&T Bancorp by 4.2% in the second quarter. HBK Sorce Advisory LLC now owns 14,557 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 584 shares during the period. 65.22% of the stock is owned by hedge funds and other institutional investors.

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.