S&T Bancorp price target lowered to $40 from $42 at Piper Sandler

Piper Sandler analyst Justin Crowley lowered the firm’s price target on S&T Bancorp to $40 from $42 and keeps a Neutral rating on the shares following quarterly results. While credit metrics are still manageable, what might catch some attention was NPAs that more than doubled L/Q to 0.51% of assets from 0.22% at 6/30, Piper adds.