Boenning & Scattergood Maintains Their Hold Rating on S&T Bancorp

Boenning & Scattergood analyst Matthew Schultheis maintained a Hold rating on S&T Bancorp (NASDAQ: STBA) today. The company’s shares closed on Friday at $45.81, close to its 52-week high of $45.92.

According to TipRanks.com, Schultheis is a 4-star analyst with an average return of 10.3% and a 82.8% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Provident Financial Services.

S&T Bancorp has an analyst consensus of Hold, with a price target consensus of $45.

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Based on S&T Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $26.08 million. In comparison, last year the company had a net profit of $18.13 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.

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S&T Bancorp, Inc. is a bank holding company, which engages in the provision of financial services and insurance solutions for both business and individual clients. It operates through the following segments: Community Banking, Wealth Management, and Insurance.