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S&T Bancorp (STBA) Surges 5.5%: Is This an Indication of Further Gains?
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S&T Bancorp (STBA - Free Report) shares ended the last trading session 5.5% higher at $35.55. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.4% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This holding company for S&T Bank is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of -8.6%. Revenues are expected to be $96.6 million, up 0.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For S&T Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on STBA going forward to see if this recent jump can turn into more strength down the road.
S&T Bancorp is part of the Zacks Banks - Northeast industry. Arrow Financial (AROW - Free Report) , another stock in the same industry, closed the last trading session 5% higher at $25.37. AROW has returned -6% in the past month.
Arrow Financial's consensus EPS estimate for the upcoming report has changed +1.5% over the past month to $0.62. Compared to the company's year-ago EPS, this represents a change of +37.8%. Arrow Financial currently boasts a Zacks Rank of #2 (Buy).
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S&T Bancorp (STBA) Surges 5.5%: Is This an Indication of Further Gains?
S&T Bancorp (STBA - Free Report) shares ended the last trading session 5.5% higher at $35.55. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.4% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This holding company for S&T Bank is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of -8.6%. Revenues are expected to be $96.6 million, up 0.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For S&T Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on STBA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
S&T Bancorp is part of the Zacks Banks - Northeast industry. Arrow Financial (AROW - Free Report) , another stock in the same industry, closed the last trading session 5% higher at $25.37. AROW has returned -6% in the past month.
Arrow Financial's consensus EPS estimate for the upcoming report has changed +1.5% over the past month to $0.62. Compared to the company's year-ago EPS, this represents a change of +37.8%. Arrow Financial currently boasts a Zacks Rank of #2 (Buy).