S&T Bancorp Inc (NASDAQ: STBA) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for S&T Bancorp Inc (NASDAQ: STBA): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, STBA is expected to continue to be a Value Builder.
S&T Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. S&T Bancorp has a slightly positive Appreciation Score of 70 and a neutral Power Rating of 50, and the High Neutral Value Trend Rating results.
Recent Price Action
S&T Bancorp Inc (NASDAQ: STBA) stock declined modestly by -1.0% on 12/5/23. The stock closed at $29.40. However, trading volume in this decline was below average at 69% of normal. The stock has performed in line with the market over the last nine months and has risen 4.6% during the last week.
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