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Investigation announced for Investors in shares of S&T Bancorp, Inc. (NASDAQ: STBA)

08-13-2020 11:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in S&T Bancorp, Inc. (NASDAQ: STBA) shares over potential securities laws violations by S&T Bancorp

An investigation for investors in S&T Bancorp, Inc. (NASDAQ: STBA) shares over potential securities laws violations by S&T Bancorp

An investigation was announced over potential securities laws violations by S&T Bancorp, Inc. and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of S&T Bancorp, Inc. (NASDAQ: STBA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by S&T Bancorp, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

S&T Bancorp, Inc. reported that its annual Total Revenue rose from $281.74 million in 2018 to $299.34 million in 2019, and that its Net Income declined from $105.03 million in 2018 to $97.97 million in 2019.

Shares of S&T Bancorp, Inc. (NASDAQ: STBA) grew from $24.00 per share in June 2016 to as high as $47.70 per share on August 20, 2018.

On July 30, 2020, S S&T Bancorp, Inc. announced the Company's financial results for the second quarter of 2020. Among other results, S&T announced a net loss of $33.1 million, or $0.85 per diluted share, compared to net income of $26.1 million, or $0.76 per diluted share, for the same period in the prior year.

Shares of S&T Bancorp, Inc. (NASDAQ: STBA) declined to as low as $19.57 per share on August 4, 2020.

Those who purchased shares of S&T Bancorp, Inc. (NASDAQ: STBA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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