Connor Clark & Lunn Investment Management Ltd. Takes $474,000 Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,394 shares of the financial services provider's stock, valued at approximately $474,000.

Several other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in S&T Bancorp by 45.7% during the 3rd quarter. Victory Capital Management Inc. now owns 10,725 shares of the financial services provider's stock valued at $450,000 after purchasing an additional 3,365 shares during the period. Intech Investment Management LLC acquired a new position in S&T Bancorp in the third quarter valued at approximately $323,000. Charles Schwab Investment Management Inc. boosted its stake in S&T Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider's stock valued at $60,122,000 after acquiring an additional 43,268 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in S&T Bancorp during the 3rd quarter worth $295,000. Finally, FMR LLC grew its holdings in S&T Bancorp by 180.3% during the 3rd quarter. FMR LLC now owns 18,256 shares of the financial services provider's stock worth $766,000 after acquiring an additional 11,744 shares during the period. Institutional investors own 65.22% of the company's stock.

Insider Activity at S&T Bancorp

In other news, Director Bhaskar Ramachandran purchased 764 shares of S&T Bancorp stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $39.25 per share, with a total value of $29,987.00. Following the completion of the transaction, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.38% of the company's stock.

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S&T Bancorp Trading Up 0.2 %

Shares of STBA stock traded up $0.07 during trading hours on Wednesday, reaching $37.64. The company had a trading volume of 123,398 shares, compared to its average volume of 152,398. S&T Bancorp, Inc. has a 1-year low of $28.83 and a 1-year high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 11.04 and a beta of 0.80. The company has a 50 day moving average of $38.78 and a 200 day moving average of $39.99.

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 for the quarter, beating 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%. On average, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, February 13th. S&T Bancorp's payout ratio is 39.88%.

S&T Bancorp Profile

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.