New insider activity at S&T Bancorp ( (STBA) ) has taken place on February 14, 2025.
Director Ramachandran Bhaskar made a significant investment in S&T Bancorp by purchasing 764 shares, with the total transaction amounting to $29,987.
Recent Updates on STBA stock
S&T Bancorp (STBA) recently held its Q4 earnings call, revealing a generally optimistic performance outlook despite minor challenges. The company reported record earnings per share and maintained strong capital levels, signaling solid financial health. Continued deposit growth and significant improvements in asset quality were highlighted, even as S&T navigated a slight decline in net interest margin and higher loan payoffs. The earnings report showed a net income of $33.1 million for Q4, slightly higher than Q3 but lower than the previous year, and a full-year net income of $131.3 million, down from 2023 due to higher funding costs. Overall, the strong performance metrics and strategic initiatives support a positive outlook for the company’s growth prospects in 2025.
More about S&T Bancorp
YTD Price Performance: 6.32%
Average Trading Volume: 163,981
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.51B
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