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 20.18% per annum.
- STBA price at the close of May 17, 2024 was $33.10 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.72% per annum.
- STBA price at the close of May 17, 2024 was inside the secondary price channel.
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: March 12, 2020
End date: March 29, 2023
a = 2.8138
b = 0.0005
s = 0.1218
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1218) – 1
= 62.77%
March 12, 2020 calculations
Top border of price channel:
Exp(Y205)
= Exp(a + b × X205 + 2 × s)
= Exp(a + b × 297 + 2 × s)
= Exp(2.8138 + 0.0005 × 297 + 2 × 0.1218)
= Exp(3.2070)
= $24.70
Bottom border of price channel:
Exp(Y205)
= Exp(a + b × X205 – 2 × s)
= Exp(a + b × 297 – 2 × s)
= Exp(2.8138 + 0.0005 × 297 – 2 × 0.1218)
= Exp(2.7198)
= $15.18
March 29, 2023 calculations
Top border of price channel:
Exp(Y972)
= Exp(a + b × X972 + 2 × s)
= Exp(a + b × 1,409 + 2 × s)
= Exp(2.8138 + 0.0005 × 1,409 + 2 × 0.1218)
= Exp(3.7671)
= $43.25
Bottom border of price channel:
Exp(Y972)
= Exp(a + b × X972 – 2 × s)
= Exp(a + b × 1,409 – 2 × s)
= Exp(2.8138 + 0.0005 × 1,409 – 2 × 0.1218)
= Exp(3.2799)
= $26.57
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 20.18% per annum.
- STBA price at the close of May 17, 2024 was $33.10 and was inside the primary price channel.
Secondary Trend
Start date: February 19, 2021
End date: May 17, 2024
a = 3.2674
b = 0.0001
s = 0.0867
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0867) – 1
= 41.46%
February 19, 2021 calculations
Top border of price channel:
Exp(Y442)
= Exp(a + b × X442 + 2 × s)
= Exp(a + b × 641 + 2 × s)
= Exp(3.2674 + 0.0001 × 641 + 2 × 0.0867)
= Exp(3.4880)
= $32.72
Bottom border of price channel:
Exp(Y442)
= Exp(a + b × X442 – 2 × s)
= Exp(a + b × 641 – 2 × s)
= Exp(3.2674 + 0.0001 × 641 – 2 × 0.0867)
= Exp(3.1412)
= $23.13
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.2674 + 0.0001 × 1,824 + 2 × 0.0867)
= Exp(3.5750)
= $35.70
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.2674 + 0.0001 × 1,824 – 2 × 0.0867)
= Exp(3.2282)
= $25.23
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.72% per annum.
- STBA price at the close of May 17, 2024 was inside the secondary price channel.