Raymond James Assumes S&T Bancorp Inc. (STBA) at Market Perform

Raymond James analyst Nicholas Holowko assumes coverage on S&T Bancorp Inc. (NASDAQ: STBA) with a Market Perform rating.

The analyst comments "S&T Bancorp (STBA); Market Perform: We view STBA as a high-quality Mid-Atlantic banking franchise with strong core funding, disciplined cedit, and substantial capital flexibility. Management's recent initiatives emphasize customer deposit gathering, C&I penetration, and deeper commercial relationships, with recent results providing encouraging early evidence of progress. Customer deposits increased ~$308M YTD or 8% annualized through 2Q26, supporting reduced reliance on wholesale funding and net interest margin expansion to 3.99%. However, with shares already trading at a premium P/E relative to peers and our estimates implying more measured earnings growth beyond 2026, we believe the current valuation appropriately reflects these strengths. We establish 2026, 2027, and 2028 EPS estimates of $3.95, $4.05, and $4.20, respectively."

For an analyst ratings summary and ratings history on S&T Bancorp Inc. click here. For more ratings news on S&T Bancorp Inc. click here.

Shares of S&T Bancorp Inc. closed at $48.37 yesterday.

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