S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 917,014 shares of the financial services provider's stock after selling 8,476 shares during the period. Geode Capital Management LLC owned 2.40% of S&T Bancorp worth $35,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in STBA. Versant Capital Management Inc lifted its stake in S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after buying an additional 303 shares during the last quarter. Stifel Financial Corp grew its position in S&T Bancorp by 2.3% during the 3rd quarter. Stifel Financial Corp now owns 13,646 shares of the financial services provider's stock worth $573,000 after purchasing an additional 303 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of S&T Bancorp by 67.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after buying an additional 502 shares during the last quarter. Swiss National Bank boosted its stake 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 during the period. Finally, Inspire Investing LLC increased its position in S&T Bancorp by 6.8% in the 4th quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider's stock valued at $401,000 after acquiring an additional 671 shares during the period. Hedge funds and other institutional investors own 65.22% of the company's stock.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA traded up $1.28 during trading on Tuesday, hitting $35.74. 122,283 shares of the stock were exchanged, compared to its average volume of 164,898. The company has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $39.00. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.37 billion, a PE ratio of 10.48 and a beta of 0.75. S&T Bancorp, Inc. has a 12-month low of $29.85 and a 12-month high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $0.86 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%. On average, analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a $0.34 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.81%. S&T Bancorp's dividend payout ratio (DPR) is presently 39.88%.

Insider Transactions at S&T Bancorp

In related news, Director Bhaskar Ramachandran purchased 764 shares of S&T Bancorp stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost 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. The trade was a 156.88 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.23% of the company's stock.

S&T Bancorp Company 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.