Franklin Resources Inc. Makes New Investment in S&T Bancorp, Inc. (NASDAQ:STBA)

Franklin Resources Inc. bought a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,971 shares of the financial services provider's stock, valued at approximately $649,000.

Several other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in shares of S&T Bancorp by 2.3% in the third quarter. Stifel Financial Corp now owns 13,646 shares of the financial services provider's stock worth $573,000 after buying an additional 303 shares during the last quarter. Versant Capital Management Inc lifted 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 purchasing an additional 303 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock worth $48,000 after purchasing an additional 502 shares during the last quarter. Swiss National Bank grew its holdings in shares of S&T Bancorp by 0.8% during the fourth quarter. Swiss National Bank now owns 75,200 shares of the financial services provider's stock worth $2,874,000 after buying an additional 600 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of S&T Bancorp by 6.8% in the fourth quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider's stock valued at $401,000 after buying an additional 671 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran acquired 764 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the acquisition, the director now owns 1,251 shares of the company's stock, valued at approximately $49,101.75. The trade was a 156.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.23% of the company's stock.

S&T Bancorp Price Performance

STBA traded up $0.34 on Friday, reaching $34.70. 178,036 shares of the company's stock were exchanged, compared to its average volume of 165,100. S&T Bancorp, Inc. has a twelve month low of $29.85 and a twelve month high of $45.79. The stock has a market cap of $1.33 billion, a PE ratio of 10.18 and a beta of 0.75. 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 stock's fifty day moving average price is $37.35 and its 200-day moving average price is $39.06.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly 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%. Sell-side analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.92%. S&T Bancorp's dividend 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.