S&T Bancorp Inc. (STBA) started the trading day on a down note, making it one of the worst performing stocks in the financial sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of STBA have fallen 10.42% about 30 minutes into the session to $25.85 after closing the day prior at $28.86. It’s early, but the stock has traded as high as $28.91 and as low as $25.85 so far. Today’s quick decline has come with about 657 shares changing hands, compared to an average 30-day volume of 57,699 for S&T Bancorp Inc.. The price is currently below the 30-day volume weighted average price of $27.45 for STBA.
The share depreciation gives the company a market capitalization of $1.01 billion based upon 34.92 million shares outstanding. It also means that STBA has a price-to-book ratio of 1.22:1.
In the past 52 weeks, shares of STBA have traded as low as $23.06 and as high as $34.0. Technical traders will take note that at $25.85, shares of STBA are trading below their 200-day MA at $26.24 and below their 50-day MA at $27.01. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is STBA?
S&T Bancorp Inc provides banking products and services. The Company's business segments are Community Banking, Wealth Management and Insurance. Its products and services include commercial banking, cash management, trust & brokerage and insurance. The company’s 1067 employees are led by CEO Todd D. Brice from the corporate headquarters at 800 Philadelphia Street in Indiana, PA.
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