S&T Bancorp Inc (NASDAQ: STBA) has reported earnings for its third fiscal quarter (ending September 30) of $0.85 versus $0.88 for the same period a year ago — a decline of -3%. However, this performance was $0.04 better than the consensus estimate of $0.81. E.P.S. were $3.54 for the latest four quarters through September 30 versus $3.82 for the same period a year ago — a decline of -7%.
Recent Price Action
On 10/17/24, S&T Bancorp Inc (NASDAQ: STBA) stock declined by -2.1%, closing at $41.33. Moreover, above average trading volume at 125% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.8% 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 A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. S&T Bancorp has a slightly positive Appreciation Score of 65 and a good Power Rating of 82, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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