Extremely important positive changes in investment behavior have recently occurred for S&T Bancorp Inc (NASDAQ: STBA): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
S&T Bancorp Inc (NASDAQ: STBA). Notable positive changes in fundamentals have recently occurred: 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 B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. S&T Bancorp has a neutral Power Rating of 59 but a good Appreciation Score of 74, producing the Positive Value Trend Rating.
Recent Price Action
On 6/20/24, S&T Bancorp Inc (NASDAQ: STBA) stock rose modestly by 0.4%, closing at $31.35. Trading volume in this advance was normal. The stock has risen 4.2% during the last week and has been strong relative to the market over the last nine months.
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