Norges Bank bought a new position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 109,393 shares of the financial services provider's stock, valued at approximately $4,181,000. Norges Bank owned approximately 0.29% of S&T Bancorp as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in S&T Bancorp by 333.4% during the fourth quarter. JPMorgan Chase & Co. now owns 150,183 shares of the financial services provider's stock valued at $5,740,000 after buying an additional 115,528 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of S&T Bancorp during the 4th quarter valued at approximately $153,000. Vanguard Group Inc. grew its holdings in shares of S&T Bancorp by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock valued at $176,453,000 after purchasing an additional 160,453 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in S&T Bancorp in the fourth quarter worth $313,000. Finally, Swiss National Bank raised its stake in S&T Bancorp by 0.8% during the fourth quarter. Swiss National Bank now owns 75,200 shares of the financial services provider's stock valued at $2,874,000 after purchasing an additional 600 shares in the last quarter. 65.22% of the stock is owned by hedge funds and other institutional investors.
S&T Bancorp Price Performance
Shares of NASDAQ:STBA traded up $0.62 on Tuesday, reaching $33.93. The company's stock had a trading volume of 11,673 shares, compared to its average volume of 164,386. The company has a 50-day simple moving average of $37.85 and a 200 day simple moving average of $39.22. S&T Bancorp, Inc. has a 52-week low of $28.83 and a 52-week high of $45.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.30 billion, a P/E ratio of 9.97 and a beta of 0.75.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. As a group, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.
S&T Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp's dividend payout ratio is currently 39.88%.
Insider Activity at S&T Bancorp
In other news, Director Bhaskar Ramachandran acquired 764 shares of the company's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $39.25 per share, with a total value of $29,987.00. Following the completion of the purchase, the director now directly owns 1,251 shares of the company's stock, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is currently owned by insiders.
About S&T Bancorp
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Free Report)
S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.
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