S&T Bancorp Inc (STBA)
S&T Bancorp, Inc. is the banking holding company for S&T Bank offering retail and commercial banking products and services. The company is headquartered in Indiana, Pennsylvania.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 50.99% per annum.
- STBA price at the close of November 19, 2024 was $42.02 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 10.65% per annum.
- STBA price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of STBA price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 22, 2023
End date: November 19, 2024
a = 1.6675
b = 0.0011
s = 0.0773
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 50.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0773) – 1
= 36.22%
August 22, 2023 calculations
Top border of price channel:
Exp(Y943)
= Exp(a + b × X943 + 2 × s)
= Exp(a + b × 1,371 + 2 × s)
= Exp(1.6675 + 0.0011 × 1,371 + 2 × 0.0773)
= Exp(3.3696)
= $29.07
Bottom border of price channel:
Exp(Y943)
= Exp(a + b × X943 – 2 × s)
= Exp(a + b × 1,371 – 2 × s)
= Exp(1.6675 + 0.0011 × 1,371 – 2 × 0.0773)
= Exp(3.0605)
= $21.34
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.6675 + 0.0011 × 1,826 + 2 × 0.0773)
= Exp(3.8833)
= $48.58
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.6675 + 0.0011 × 1,826 – 2 × 0.0773)
= Exp(3.5742)
= $35.66
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 50.99% per annum.
- STBA price at the close of November 19, 2024 was $42.02 and was inside the primary price channel.
Secondary Trend
Start date: July 19, 2024
End date: November 19, 2024
a = 4.2537
b = -0.0003
s = 0.0437
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0437) – 1
= 19.09%
July 19, 2024 calculations
Top border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 + 2 × s)
= Exp(a + b × 1,703 + 2 × s)
= Exp(4.2537 + -0.0003 × 1,703 + 2 × 0.0437)
= Exp(3.8158)
= $45.41
Bottom border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 – 2 × s)
= Exp(a + b × 1,703 – 2 × s)
= Exp(4.2537 + -0.0003 × 1,703 – 2 × 0.0437)
= Exp(3.6410)
= $38.13
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.2537 + -0.0003 × 1,826 + 2 × 0.0437)
= Exp(3.7778)
= $43.72
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.2537 + -0.0003 × 1,826 – 2 × 0.0437)
= Exp(3.6031)
= $36.71
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 10.65% per annum.
- STBA price at the close of November 19, 2024 was inside the secondary price channel.