S&T Bancorp, Inc. (STBA) Just Reaches 52-Week High?

May 17, 2018 - By Hannah Black

Investors sentiment decreased to 1.5 in Q4 2017. Its down 0.09, from 1.59 in 2017Q3. It worsened, as 8 investors sold S&T Bancorp, Inc. shares while 34 reduced holdings. 16 funds opened positions while 47 raised stakes. 19.73 million shares or 2.60% more from 19.24 million shares in 2017Q3 were reported.
Raymond James Services Advsr Inc invested in 5,458 shares. Parallax Volatility Advisers Lp accumulated 5,292 shares. Geode Capital Management Limited Liability Company owns 333,691 shares. Stevens Cap Mgmt Lp invested in 7,831 shares or 0.01% of the stock. Citadel Advsr Ltd Com has invested 0% in S&T Bancorp, Inc. (NASDAQ:STBA). Schwab Charles Mgmt Inc accumulated 179,087 shares. Burt Wealth Advsrs holds 3,223 shares. Sei has invested 0% in S&T Bancorp, Inc. (NASDAQ:STBA). Assetmark Inc accumulated 11 shares. Bridgeway Capital reported 40,495 shares or 0.02% of all its holdings. Wedge Management L L P Nc reported 0.15% in S&T Bancorp, Inc. (NASDAQ:STBA). Suntrust Banks accumulated 78,749 shares. Michigan-based Ls Advisors Lc has invested 0% in S&T Bancorp, Inc. (NASDAQ:STBA). 12,833 are held by Alps Inc. The Pennsylvania-based Glenmede Trust Na has invested 0% in S&T Bancorp, Inc. (NASDAQ:STBA).

Since December 12, 2017, it had 1 buy, and 2 insider sales for $228,205 activity. The insider MILLER JAMES C sold $197,815. $74,306 worth of stock was sold by RUDDOCK DAVID P on Tuesday, May 1.

The stock of S&T Bancorp, Inc. (NASDAQ:STBA) hit a new 52-week high and has $48.52 target or 8.00 % above today’s $44.93 share price. The 7 months bullish chart indicates low risk for the $1.57B company. The 1-year high was reported on May, 17 by Barchart.com. If the $48.52 price target is reached, the company will be worth $125.84 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.15% or $0.51 during the last trading session, reaching $44.93. About 113,409 shares traded or 2.56% up from the average. S&T Bancorp, Inc. (NASDAQ:STBA) has risen 17.71% since May 17, 2017 and is uptrending. It has outperformed by 6.16% the S&P500.

Analysts await S&T Bancorp, Inc. (NASDAQ:STBA) to report earnings on July, 19. They expect $0.71 earnings per share, up 9.23 % or $0.06 from last year’s $0.65 per share. STBA’s profit will be $24.86M for 15.82 P/E if the $0.71 EPS becomes a reality. After $0.75 actual earnings per share reported by S&T Bancorp, Inc. for the previous quarter, Wall Street now forecasts -5.33 % negative EPS growth.

S&T Bancorp, Inc. (NASDAQ:STBA) Ratings Coverage

Among 2 analysts covering S&T Bancorp (NASDAQ:STBA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. S&T Bancorp had 4 analyst reports since December 21, 2017 according to SRatingsIntel. Piper Jaffray maintained S&T Bancorp, Inc. (NASDAQ:STBA) rating on Monday, April 23. Piper Jaffray has “Hold” rating and $4400 target. Keefe Bruyette & Woods maintained S&T Bancorp, Inc. (NASDAQ:STBA) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $45.0 target. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Keefe Bruyette & Woods maintained it with “Hold” rating and $4600 target in Thursday, April 19 report.

Another recent and important S&T Bancorp, Inc. (NASDAQ:STBA) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within NetScout, Entegris, Pinnacle Entertainment, First …” on May 03, 2018.

S&T Bancorp, Inc. operates as the bank holding firm for S&T Bank that provides a range of financial services. The company has market cap of $1.57 billion. It operates through three divisions: Community Banking, Wealth Management, and Insurance. It has a 21.53 P/E ratio. The Community Banking segment accepts time and demand deposits; and originates commercial and consumer loans.

S&T Bancorp, Inc. (NASDAQ:STBA) Institutional Positions Chart

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