Market Buzz

Notable Stock to Watch: S&T Bancorp (NASDAQ:STBA)

S&T Bancorp (NASDAQ:STBA) spotted trading -26.92% off 52-week high price. On the other end, the stock has been noted 3.30% away from the low price over the last 52-weeks. The stock changed 1.71% to recent value of $34.4. The stock transacted 95441 shares during most recent day however it has an average volume of 114.41K shares. The company has 34.63M of outstanding shares and 33.65M shares were floated in the market.  

On Sept. 05, 2019, S&T Bancorp (NASDAQ:STBA) the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York, and DNB Financial Corporation (DNB) (NASDAQ: DNBF), the holding company for DNB First, National Association, a community bank headquartered in Downingtown, Pennsylvania with 14 locations, jointly announced  that they have received all required bank regulatory approvals for the pending acquisition of DNB by S&T. The closing of the transaction remains subject to approval by DNB shareholders at a special meeting of DNB shareholders scheduled for September 25, 2019 and the satisfaction or waiver of other customary closing conditions.

 Its earnings per share (EPS) expected to touch remained 25.00% for this year while earning per share for the next 5-years is expected to reach at 10.00%.STBA has a an operating margin of 74.30% while its profit margin remained 34.50% for the last 12 months. 

  The price moved ahead of -1.26% from the mean of 20 days, -5.34% from mean of 50 days SMA and performed -11.08% from mean of 200 days price. Company’s performance for the week was 0.91%, -3.29% for month and YTD performance remained -9.09%.

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