S&T Bancorp, Inc. (NASDAQ:STBA) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,854 shares of the financial services provider's stock after purchasing an additional 6,620 shares during the period. Empowered Funds LLC owned about 0.36% of S&T Bancorp worth $5,231,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in STBA. The Manufacturers Life Insurance Company grew its holdings in S&T Bancorp by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider's stock valued at $649,000 after purchasing an additional 498 shares during the last quarter. GAMMA Investing LLC boosted its position in S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider's stock valued at $49,000 after buying an additional 526 shares during the period. Sapient Capital LLC purchased a new stake in S&T Bancorp in the 3rd quarter valued at about $223,000. International Assets Investment Management LLC boosted its position in S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider's stock valued at $35,000 after buying an additional 819 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in S&T Bancorp by 2.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,103 shares of the financial services provider's stock valued at $508,000 after buying an additional 326 shares during the period. 65.22% of the stock is currently owned by institutional investors.

Insider Transactions at S&T Bancorp

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

Wall Street Analysts Forecast Growth

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

S&T Bancorp Trading Up 1.3 %

S&T Bancorp stock traded up $0.51 during trading hours on Friday, hitting $40.16. The company had a trading volume of 138,975 shares, compared to its average volume of 152,344. The firm has a market cap of $1.54 billion, a P/E ratio of 11.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The company has a 50-day moving average price of $38.98 and a two-hundred day moving average price of $40.48.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. On average, sell-side analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a $0.34 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.39%. S&T Bancorp's payout ratio is presently 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.