S&T Bancorp(STBA) ZACKS·2024-07-22 17:01Core Viewpoint - S&T Bancorp (STBA) is identified as a strong buy stock with a Momentum Score of A, indicating potential for significant near-term gains [1][4]. Momentum Investing - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher [2]. - The Zacks Momentum Style Score helps in evaluating stocks based on price changes and earnings estimate revisions [3]. Performance Metrics - STBA shares have increased by 16.28% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 6.39% [7]. - Over the last month, STBA's price change is 32.38%, compared to the industry's 16.04% [7]. - In the last quarter, STBA shares rose by 33.02%, and over the past year, they increased by 37%, while the S&P 500 only moved 11.27% and 22.23%, respectively [8]. Trading Volume - The average 20-day trading volume for STBA is 156,479 shares, which serves as a bullish indicator when combined with rising stock prices [9]. Earnings Outlook - In the past two months, two earnings estimates for STBA have been revised upwards, increasing the consensus estimate from 3.16 [12]. - For the next fiscal year, two estimates have also moved upwards with no downward revisions [12].