Integrated Wealth Concepts LLC Purchases 14,024 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Integrated Wealth Concepts LLC increased its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,718 shares of the financial services provider's stock after acquiring an additional 14,024 shares during the period. Integrated Wealth Concepts LLC owned about 0.22% of S&T Bancorp worth $3,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of S&T Bancorp by 124.4% during the third 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 last quarter. Tidal Investments LLC bought a new stake in S&T Bancorp during the 3rd quarter worth about $220,000. JPMorgan Chase & Co. grew its holdings in S&T Bancorp by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,655 shares of the financial services provider's stock worth $1,454,000 after acquiring an additional 1,901 shares during the last quarter. Versant Capital Management Inc increased its position 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 acquiring an additional 303 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of S&T Bancorp by 8.6% in the fourth quarter. Diversified Trust Co now owns 9,264 shares of the financial services provider's stock worth $354,000 after acquiring an additional 737 shares during the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

S&T Bancorp Price Performance

STBA opened at $36.03 on Friday. 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 has a market capitalization of $1.38 billion, a P/E ratio of 10.57 and a beta of 0.75. The company's 50 day simple moving average is $36.93 and its 200-day simple moving average is $38.94. S&T Bancorp, Inc. has a one year low of $29.85 and a one year high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The firm had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Sell-side analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders 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 yield of 3.77%. S&T Bancorp's dividend payout ratio is currently 39.19%.

Insider Buying and Selling at S&T Bancorp

In related news, Director Bhaskar Ramachandran purchased 764 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $39.25 per share, with a total value of $29,987.00. Following the purchase, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.23% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.