S&T Bancorp, Inc. (NASDAQ:STBA) Stock Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 333.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,183 shares of the financial services provider's stock after acquiring an additional 115,528 shares during the period. JPMorgan Chase & Co. owned approximately 0.39% of S&T Bancorp worth $5,740,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of 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 worth $35,000 after acquiring an additional 303 shares during the last quarter. Stifel Financial Corp boosted its position 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 acquiring an additional 303 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 worth $48,000 after acquiring an additional 502 shares during the last quarter. Swiss National Bank boosted its position in shares of S&T Bancorp by 0.8% in the fourth quarter. Swiss National Bank now owns 75,200 shares of the financial services provider's stock worth $2,874,000 after acquiring an additional 600 shares during the last quarter. Finally, Inspire Investing LLC boosted 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 worth $401,000 after acquiring an additional 671 shares during the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&T Bancorp

In other news, Director Bhaskar Ramachandran purchased 764 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased 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 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 1.23% of the company's stock.

S&T Bancorp Trading Up 3.2 %

Shares of STBA traded up $1.16 during mid-day trading on Wednesday, hitting $36.90. The company had a trading volume of 12,048 shares, compared to its average volume of 164,306. The business's 50-day simple moving average is $37.17 and its 200-day simple moving average is $39.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a 1-year low of $29.85 and a 1-year high of $45.79. The stock has a market cap of $1.41 billion, a PE ratio of 10.82 and a beta of 0.75.

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 EPS for the quarter, beating 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%. Sell-side analysts forecast 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 was paid on Thursday, February 27th. Investors 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 annualized dividend and a yield of 3.69%. 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.