Short Interest Coverage: S&T Bancorp Incorporated (NASDAQ:STBA) Can’t Be More Risky. Short Interest Increased

November 16, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Coverage: S&T Bancorp Incorporated (NASDAQ:STBA) Can't Be More Risky. Short Interest Increased

The stock of S&T Bancorp Incorporated (NASDAQ:STBA) registered an increase of 0.8% in short interest. STBA’s total short interest was 1.37M shares in November as published by FINRA. Its up 0.8% from 1.36M shares, reported previously. With 52,100 shares average volume, it will take short sellers 26 days to cover their STBA’s short positions. The short interest to S&T Bancorp Incorporated’s float is 4.07%. About 121,538 shares traded hands or 2.21% up from the average. S & T Bancorp Inc (NASDAQ:STBA) has risen 31.64% since April 14, 2016 and is uptrending. It has outperformed by 26.96% the S&P500.

S&T Bancorp, Inc. is a bank holding company. The company has a market cap of $1.12 billion. The Firm operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc. and STBA Capital Trust I. It has a 16.16 P/E ratio. S&T operates in three divisions: Community Banking, Wealth Management and Insurance.

Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 1.57, from 2.43 in 2016Q1. The ratio dived, as 14 funds sold all S & T Bancorp Inc shares owned while 35 reduced positions. 8 funds bought stakes while 34 increased positions. They now own 17.27 million shares or 4.39% less from 18.06 million shares in 2016Q1.
California Employees Retirement Systems holds 0% or 23,900 shares in its portfolio. Moreover, Ls Investment Advsrs Lc has 0% invested in S & T Bancorp Inc (NASDAQ:STBA) for 1,262 shares. Brandywine Global Investment owns 121,394 shares or 0.02% of their US portfolio. Comerica Bancorp holds 34,842 shares or 0.01% of its portfolio. Moreover, Macquarie Gru has 0.05% invested in S & T Bancorp Inc (NASDAQ:STBA) for 1.11M shares. California State Teachers Retirement Sys has 0% invested in the company for 71,615 shares. Prudential Inc, a New Jersey-based fund reported 165,548 shares. Texas Permanent School Fund, a Texas-based fund reported 26,686 shares. The New York-based Ny State Common Retirement Fund has invested 0% in S & T Bancorp Inc (NASDAQ:STBA). Swiss Bankshares has 55,600 shares for 0% of their US portfolio. Voya Management Ltd Llc has invested 0% of its portfolio in S & T Bancorp Inc (NASDAQ:STBA). Burt Wealth reported 3,323 shares or 0.09% of all its holdings. Moreover, Alliancebernstein Lp has 0% invested in S & T Bancorp Inc (NASDAQ:STBA) for 57,324 shares. Bank Of Mellon accumulated 0% or 422,200 shares. Royal Commercial Bank Of Canada has 0% invested in the company for 16,292 shares.

Insider Transactions: Since October 24, 2016, the stock had 1 buy, and 4 selling transactions for $3.21 million net activity. 20,520 shares with value of $646,462 were sold by GIBSON JAMES THOMAS on Thursday, November 10. $39,846 worth of S & T Bancorp Inc (NASDAQ:STBA) shares were sold by JONES FRANK W. 2,004 shares with value of $60,000 were bought by BRICE TODD D on Monday, October 24.

S & T Bancorp Inc (NASDAQ:STBA) Ratings Coverage

Out of 5 analysts covering S&T Bancorp (NASDAQ:STBA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. S&T Bancorp has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Hold” on Saturday, August 22. The rating was downgraded by Piper Jaffray to “Neutral” on Wednesday, July 22. The stock has “Overweight” rating given by Piper Jaffray on Monday, October 24. The company was upgraded on Wednesday, August 12 by Zacks. The firm earned “Market Perform” rating on Wednesday, October 21 by Keefe Bruyette & Woods. The stock of S & T Bancorp Inc (NASDAQ:STBA) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, July 22. The stock of S & T Bancorp Inc (NASDAQ:STBA) has “Buy” rating given on Saturday, August 29 by Zacks.

STBA Company Profile

S&T Bancorp, Inc. (S&T), incorporated on March 17, 1983, is a bank holding company. The Firm operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc. and STBA Capital Trust I. S&T operates in three divisions: Community Banking, Wealth Management and Insurance. It also owns interest in Commonwealth Trust Credit Life Insurance Company (CTCLIC). The Company’s subsidiary, S&T Bank, is a full service bank. S&T Bank is engaged in providing services to its clients through locations in Pennsylvania, Ohio and New York. S&T Bank operates under the name, Integrity Bank – A division of S&T Bank, in south-central Pennsylvania. S&T Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC). S&T Bank has three subsidiaries: S&T Insurance Group, LLC, S&T Bancholdings, Inc. and Stewart Capital Advisors, LLC. S&T Insurance Group, LLC, through its subsidiaries, offers a variety of insurance products. S&T Bancholdings, Inc. is an investment company. Stewart Capital Advisors, LLC, is a registered investment advisor that manages private investment accounts for individuals and institutions and advises the Stewart Capital Mid Cap Fund.

More news for S & T Bancorp Inc (NASDAQ:STBA) were recently published by: Prnewswire.com, which released: “S&T Bancorp, Inc. Declares Increased Dividend” on October 18, 2016. Reuters.com‘s article titled: “BRIEF-S&T Bancorp Inc Q3 earnings per share $0.59” and published on October 20, 2016 is yet another important article.

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By Peter Erickson


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