S&T Bancorp, Inc. (STBA) Reaches $45.10 52-Week High; 6 Analysts Bullish Heritage Insurance Holdings, Inc. (HRTG)

May 18, 2018 - By Matthew Harris

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Logo

Among 7 analysts covering Heritage Insurance Holdings (NYSE:HRTG), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Heritage Insurance Holdings had 22 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 9 by Wood. The rating was downgraded by JMP Securities on Monday, January 22 to “Hold”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. SunTrust maintained it with “Buy” rating and $18.0 target in Wednesday, November 1 report. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) earned “Buy” rating by Keefe Bruyette & Woods on Friday, March 9. Wood maintained the stock with “Outperform” rating in Monday, June 13 report. As per Thursday, August 17, the company rating was maintained by Keefe Bruyette & Woods. Citigroup maintained the stock with “Buy” rating in Tuesday, October 17 report. Citigroup maintained Heritage Insurance Holdings, Inc. (NYSE:HRTG) on Friday, August 7 with “Buy” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, September 20. See Heritage Insurance Holdings, Inc. (NYSE:HRTG) latest ratings:

10/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $21 New Target: $20 Maintain
09/03/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $22.0 Maintain
08/03/2018 Broker: Sandler O’Neill Rating: Buy New Target: $22.0 Maintain
08/03/2018 Broker: SunTrust Rating: Buy New Target: $26.0 Maintain
22/01/2018 Broker: JMP Securities Rating: Hold Downgrade
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $21.0 Maintain
04/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $20.0 Maintain

The stock of S&T Bancorp, Inc. (NASDAQ:STBA) hit a new 52-week high and has $47.81 target or 6.00% above today’s $45.10 share price. The 6 months bullish chart indicates low risk for the $1.58 billion company. The 1-year high was reported on May, 18 by Barchart.com. If the $47.81 price target is reached, the company will be worth $94.74 million more. The stock increased 0.38% or $0.17 during the last trading session, reaching $45.1. About 23,004 shares traded. S&T Bancorp, Inc. (NASDAQ:STBA) has risen 17.71% since May 18, 2017 and is uptrending. It has outperformed by 6.16% the S&P500.

The stock increased 0.23% or $0.04 during the last trading session, reaching $17.56. About 17,955 shares traded. Heritage Insurance Holdings, Inc. (NYSE:HRTG) has risen 24.84% since May 18, 2017 and is uptrending. It has outperformed by 13.29% the S&P500.

More news for Heritage Insurance Holdings, Inc. (NYSE:HRTG) were recently published by: Seekingalpha.com, which released: “Heritage Insurance Holdings’ (HRTG) CEO Bruce Lucas on Q1 2018 Results – Earnings Call Transcript” on May 13, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” and published on May 17, 2018 is yet another important article.

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company has market cap of $466.57 million. The firm offers personal residential insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance, as well as insurance policies for residential wind insurance in the state of Florida, North Carolina, South Carolina, Hawaii, Georgia, Alabama, and Mississippi. It currently has negative earnings. As of December 31, 2016, it had approximately 319,676 personal residential policies and 3,625 commercial residential policies.

S&T Bancorp, Inc. operates as the bank holding firm for S&T Bank that provides a range of financial services. The company has market cap of $1.58 billion. It operates through three divisions: Community Banking, Wealth Management, and Insurance. It has a 21.61 P/E ratio. The Community Banking segment accepts time and demand deposits; and originates commercial and consumer loans.

Analysts await S&T Bancorp, Inc. (NASDAQ:STBA) to report earnings on July, 19. They expect $0.71 EPS, up 9.23% or $0.06 from last year’s $0.65 per share. STBA’s profit will be $24.86 million for 15.88 P/E if the $0.71 EPS becomes a reality. After $0.75 actual EPS reported by S&T Bancorp, Inc. for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth.

Among 7 analysts covering S&T Bancorp (NASDAQ:STBA), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. S&T Bancorp has $46.5 highest and $31 lowest target. $37.80’s average target is -16.19% below currents $45.1 stock price. S&T Bancorp had 20 analyst reports since July 22, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $41.5 target in Friday, October 20 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. Keefe Bruyette & Woods maintained it with “Hold” rating and $46.5 target in Monday, February 26 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, April 19. The firm earned “Hold” rating on Saturday, August 22 by Zacks. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. Piper Jaffray maintained S&T Bancorp, Inc. (NASDAQ:STBA) rating on Monday, April 23. Piper Jaffray has “Hold” rating and $4400 target. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 22. As per Wednesday, October 21, the company rating was downgraded by Keefe Bruyette & Woods. The stock of S&T Bancorp, Inc. (NASDAQ:STBA) has “Neutral” rating given on Wednesday, July 22 by Piper Jaffray.

Investors sentiment decreased to 1.5 in Q4 2017. Its down 0.09, from 1.59 in 2017Q3. It fall, as 8 investors sold S&T Bancorp, Inc. shares while 34 reduced holdings. 16 funds opened positions while 47 raised stakes. 19.73 million shares or 2.60% more from 19.24 million shares in 2017Q3 were reported. Envestnet Asset has 0% invested in S&T Bancorp, Inc. (NASDAQ:STBA) for 363 shares. Invesco Ltd stated it has 118,135 shares or 0% of all its holdings. State Of Alaska Department Of Revenue holds 6,979 shares. Thrivent Fincl For Lutherans owns 21,749 shares or 0% of their US portfolio. Maltese Mgmt accumulated 142,337 shares. Pinebridge Investments Lp holds 27,960 shares or 0.03% of its portfolio. S&T Retail Bank Pa accumulated 1.29M shares. Rhumbline Advisers reported 0.01% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA). Panagora Asset Management invested in 0% or 17,163 shares. Teacher Retirement System Of Texas has invested 0% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA). Sageworth Tru holds 0.28% or 40,748 shares in its portfolio. Credit Suisse Ag owns 57,551 shares. 475,903 are owned by Retail Bank Of New York Mellon. Parametric Port Limited invested in 0% or 62,342 shares. Aperio Group Incorporated Lc invested in 0% or 18,728 shares.

S&T Bancorp, Inc. (NASDAQ:STBA) Institutional Positions Chart

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