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Recent Insider Activity Could Benefit S & T Bancorp, Inc (STBA)

S & T Bancorp, Inc’s recently made public that its Director Palermo Frank J Jr unloaded Company’s shares for reported $0.22 million on Nov 13 ’24. In the deal valued at $43.21 per share,4,982 shares were sold. As a result of this transaction, Palermo Frank J Jr now holds 0 shares worth roughly $0.0.

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Then, Palermo Frank J Jr bought 1,658 shares, generating $71,543 in total proceeds.

Before that, HIEB WILLIAM J sold 11,000 shares. S & T Bancorp, Inc shares valued at $341,550 were divested by the Director at a price of $31.05 per share. As a result of the transaction, HIEB WILLIAM J now holds 31,770 shares, worth roughly $1.25 million.

Janney initiated its S & T Bancorp, Inc [STBA] rating to a Neutral in a research note published on September 29, 2022; the price target was $32. DA Davidson also remained covering STBA and has decreased its forecast on January 11, 2021 with a “Neutral” recommendation from previously “Buy” rating. Boenning & Scattergood started covering the stock on September 24, 2020. It rated STBA as “an Outperform”.

Price Performance Review of STBA

On Tuesday, S & T Bancorp, Inc [NASDAQ:STBA] saw its stock jump 0.87% to $39.38. Over the last five days, the stock has lost -5.90%. S & T Bancorp, Inc shares have risen nearly 17.83% since the year began. Nevertheless, the stocks have risen 18.90% over the past one year. While a 52-week high of $45.79 was reached on 07/29/24, a 52-week low of $28.83 was recorded on 04/18/24. SMA at 50 days reached $41.21, while 200 days put it at $37.12.

Levels Of Support And Resistance For STBA Stock

The 24-hour chart illustrates a support level at 39.02, which if violated will result in even more drops to 38.65. On the upside, there is a resistance level at 39.58. A further resistance level may holdings at 39.77. The Relative Strength Index (RSI) on the 14-day chart is 36.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.03%. Stochastics %K at 15.04% indicates the stock is a buying.

How much short interest is there in S & T Bancorp, Inc?

A steep rise in short interest was recorded in S & T Bancorp, Inc stocks on 2024-11-29, dropping by 2636.0 shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.79 million shares. There was a decline of -0.34%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 01, 2020 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $27.50 price target.

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