Barclays PLC Buys 41,148 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Barclays PLC boosted its holdings in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 124.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 74,236 shares of the financial services provider's stock after buying an additional 41,148 shares during the period. Barclays PLC owned 0.19% of S&T Bancorp worth $3,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of STBA. Louisiana State Employees Retirement System lifted its holdings in shares of S&T Bancorp by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the financial services provider's stock worth $641,000 after buying an additional 300 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in S&T Bancorp by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 468,343 shares of the financial services provider's stock worth $15,638,000 after purchasing an additional 4,126 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of S&T Bancorp by 3.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 227,271 shares of the financial services provider's stock valued at $7,589,000 after purchasing an additional 6,518 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of S&T Bancorp during the second quarter valued at about $53,000. Finally, Allegheny Financial Group LTD bought a new stake in shares of S&T Bancorp in the second quarter worth about $207,000. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Price Performance

STBA traded up $0.34 during trading hours on Tuesday, hitting $39.38. The company's stock had a trading volume of 68,142 shares, compared to its average volume of 164,726. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 11.22 and a beta of 0.83. The business's 50-day moving average price is $41.29 and its 200-day moving average price is $39.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp, Inc. has a 12 month low of $28.83 and a 12 month high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. The business had revenue of $96.35 million during the quarter, compared to analysts' expectations of $98.90 million. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. Sell-side analysts expect that S&T Bancorp, Inc. will post 3.36 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, November 7th. This is an increase from S&T Bancorp's previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 3.45%. S&T Bancorp's dividend payout ratio is 38.75%.

Insider Activity

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total value of $215,272.22. Following the completion of the sale, the director now owns 23,143 shares in the company, valued at approximately $1,000,009.03. This trade represents a 17.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.38% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.