Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with S&T Bancorp (STBA) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperforming the market, with STBA rated as 2 (Buy) [3] Group 2: Performance Metrics - STBA shares have increased by 5.58% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 4.31% [5] - Over the past quarter, STBA shares have risen by 15.86%, and by 16.8% over the last year, compared to the S&P 500's increases of 10.42% and 14.64% respectively [6] - The average 20-day trading volume for STBA is 138,538 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for STBA have been revised upwards, increasing the consensus estimate from $3.15 to $3.26 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, STBA is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]
S&T Bancorp (STBA) Is Up 5.58% in One Week: What You Should Know