Hovde Group has started coverage on S&T Bancorp (STBA, Financial), assigning it a Market Perform rating. The financial firm has also set a price target of $41 for the stock. This initiation reflects a cautious stance, indicating that S&T Bancorp's stock is expected to align closely with the market's overall performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for S&T Bancorp Inc (STBA, Financial) is $40.75 with a high estimate of $43.00 and a low estimate of $40.00. The average target implies an upside of 6.65% from the current price of $38.21. More detailed estimate data can be found on the S&T Bancorp Inc (STBA) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, S&T Bancorp Inc's (STBA, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for S&T Bancorp Inc (STBA, Financial) in one year is $35.89, suggesting a downside of 6.07% from the current price of $38.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the S&T Bancorp Inc (STBA) Summary page.
