Dean Investment Associates LLC trimmed its stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,967 shares of the financial services provider's stock after selling 16,170 shares during the period. Dean Investment Associates LLC owned about 0.16% of S&T Bancorp worth $2,330,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of S&T Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider's stock valued at $38,850,000 after purchasing an additional 10,603 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in S&T Bancorp by 25.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 3,029 shares during the last quarter. Barclays PLC lifted its position in shares of S&T Bancorp by 124.4% in the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock worth $3,116,000 after purchasing an additional 41,148 shares during the period. Principal Financial Group Inc. boosted its holdings in S&T Bancorp by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider's stock worth $7,709,000 after acquiring an additional 7,027 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in S&T Bancorp by 35.2% in the third quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider's stock valued at $1,814,000 after buying an additional 11,252 shares in the last quarter. 65.22% of the stock is owned by institutional investors.
S&T Bancorp Trading Up 1.2 %
NASDAQ STBA traded up $0.42 during trading hours on Wednesday, reaching $36.16. The company had a trading volume of 32,387 shares, compared to its average volume of 164,382. The stock has a 50-day moving average of $37.17 and a 200 day moving average of $39.00. The stock has a market capitalization of $1.38 billion, a P/E ratio of 10.60 and a beta of 0.75. S&T Bancorp, Inc. has a 1-year low of $29.85 and a 1-year high of $45.79. 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 (NASDAQ:STBA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. As a group, research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.
S&T Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.76%. S&T Bancorp's dividend payout ratio (DPR) is currently 39.88%.
Insider Activity
In other S&T Bancorp news, Director Bhaskar Ramachandran bought 764 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average price 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 in the company, valued at $49,101.75. The trade was a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.23% of the stock is currently owned by corporate insiders.
S&T Bancorp Company 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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