AlphaQuest LLC raised its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 106,756.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,577 shares of the financial services provider's stock after purchasing an additional 24,554 shares during the period. AlphaQuest LLC owned 0.06% of S&T Bancorp worth $939,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in STBA. Versant Capital Management Inc grew its holdings in S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after buying an additional 303 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in S&T Bancorp by 67.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after buying an additional 502 shares during the last quarter. KBC Group NV grew its holdings in S&T Bancorp by 55.0% in the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider's stock valued at $89,000 after buying an additional 825 shares during the last quarter. SG Americas Securities LLC acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in S&T Bancorp in the 3rd quarter valued at approximately $204,000. 65.22% of the stock is owned by institutional investors.
Insider Transactions at S&T Bancorp
In other news, Director Bhaskar Ramachandran acquired 764 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $39.25 per share, with a total value of $29,987.00. Following the acquisition, the director now owns 1,251 shares of the company's stock, valued at $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.38% of the stock is owned by insiders.
S&T Bancorp Stock Performance
STBA traded down $0.34 during midday trading on Tuesday, reaching $37.17. The company's stock had a trading volume of 199,067 shares, compared to its average volume of 166,306. The stock has a market cap of $1.42 billion, a P/E ratio of 10.90 and a beta of 0.80. The company has a fifty day simple moving average of $38.63 and a 200 day simple moving average of $40.36. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a twelve month low of $28.83 and a twelve month high of $45.79.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Research analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.
S&T Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp's payout ratio is presently 39.88%.
S&T Bancorp Profile
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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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