Buyers Accumulate Shares of S&T Bancorp, Up 1.6%

Published on Thu, 02/28/2013 - 13:22
By Adrienne Chilton in Market movers, STBA, market movers, nasdaq:stba, s&t bancorp

One of today's stocks on the move is S&T Bancorp (NASDAQ:STBA), up 1.6% to $18.17. The S&P is trading higher by 0.3% to 1,520 and the Dow is trading fractionally higher to 14,096.

S&T Bancorp, Inc. is the holding company for S&T Bank and S&T Investment Company, Inc. S&T Bank is a full service bank providing service to its customers through a network of offices located in Allegheny, Armstrong, Clarion, Indiana, Jefferson, Clearfield, and Westmoreland counties in Pennsylvania.

Potential upside of 0.9% exists for S&T Bancorp, based on a current level of $18.17 and analysts' average consensus price target of $18.33. The stock should find resistance at its 50-day moving average (MA) of $18.21, as well as support at its 200-day MA of $17.62.

Over the past year, S&T Bancorp has traded in a range of $15.68 to $22.74 and is now at $18.17, 16% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

By Adrienne Chilton
achilton@fnno.com

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