Stephens analyst Matt Breese raised the firm’s price target on S&T Bancorp to $37 from $32 and keeps an Equal Weight rating on the shares. The firm notes S&T posted solid Q4 results, highlighted by continued net interest margin expansion, stronger-than-anticipated fee income and a lower-than-anticipated provision as credit quality continues to improve.
Published first on TheFly
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Read More on STBA:
- S&T BANCORP, INC. ANNOUNCES RECORD FOURTH QUARTER AND FULL YEAR 2022 RESULTS
- S&T Bancorp raises quarterly dividend to 32c from 29c per share
- S&T Bancorp reports Q4 EPS $1.03, consensus 94c
- S&T Bancorp extends $50M share repurchase plan until March 2024
- S&T Bancorp raises dividend 10.3% to 32c per share
