Frederick Financial Consultants LLC Purchases New Stake in S&T Bancorp, Inc. (NASDAQ:STBA)

Frederick Financial Consultants LLC bought a new stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,406 shares of the financial services provider's stock, valued at approximately $359,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of S&T Bancorp by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock worth $176,453,000 after purchasing an additional 160,453 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider's stock worth $57,067,000 after acquiring an additional 60,617 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of S&T Bancorp by 1.2% in the third 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 during the period. Principal Financial Group Inc. lifted its stake in shares of 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, Wells Fargo & Company MN increased its stake in shares of S&T Bancorp by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider's stock worth $5,781,000 after buying an additional 410 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at S&T Bancorp

In related news, Director Bhaskar Ramachandran bought 764 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the transaction, the director now directly owns 1,251 shares of the company's stock, valued at approximately $49,101.75. This represents a 156.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.23% of the stock is owned by company insiders.

S&T Bancorp Stock Performance

Shares of NASDAQ STBA traded up $0.52 during midday trading on Wednesday, hitting $36.26. The company's stock had a trading volume of 52,511 shares, compared to its average volume of 164,464. The firm has a market cap of $1.39 billion, a P/E ratio of 10.63 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 firm's fifty day moving average price is $37.17 and its 200-day moving average price is $39.00. 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 (NASDAQ:STBA - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS 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, sell-side analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Thursday, February 13th. S&T Bancorp's payout ratio is 39.88%.

About S&T Bancorp

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.