For its second fiscal quarter (ending June 30), S&T Bancorp Inc (NASDAQ: STBA) has reported a 0% change in E.P.S. from $0.89 a year ago to $0.89 in the current quarter. This result exceeded the consensus estimate of $0.74 by $0.15. For the latest four quarters through June 30, E.P.S. were $3.55 versus $3.90 for the same period a year ago — a decline of -9%.
Recent Price Action
S&T Bancorp Inc (NASDAQ: STBA) stock declined slightly by -0.6% on 7/18/24. The stock closed at $39.54. Moreover, this decline was accompanied by exceptionally high trading volume at 204% of normal. The stock has performed in line with the market over the last nine months and has risen 18.4% during the last week.
Current PriceTarget Research Rating
STBA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
S&T Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. S&T Bancorp has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 69, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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