KLP Kapitalforvaltning AS Purchases New Shares in S&T Bancorp, Inc. (NASDAQ:STBA)

KLP Kapitalforvaltning AS bought a new position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,200 shares of the financial services provider's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also bought and sold shares of STBA. Geode Capital Management LLC lifted its holdings in shares of S&T Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider's stock worth $38,850,000 after acquiring an additional 10,603 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in S&T Bancorp by 25.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock worth $578,000 after purchasing an additional 3,029 shares during the period. Barclays PLC boosted its position in S&T Bancorp by 124.4% during the third quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock valued at $3,116,000 after buying an additional 41,148 shares during the period. Principal Financial Group Inc. boosted its position in S&T Bancorp by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider's stock valued at $7,709,000 after buying an additional 7,027 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of S&T Bancorp by 35.2% during the third quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider's stock valued at $1,814,000 after buying an additional 11,252 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company's stock.

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Insiders Place Their Bets

In other news, Director Bhaskar Ramachandran bought 764 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was bought 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 in the company, valued at approximately $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 hyperlink. Insiders own 1.38% of the company's stock.

S&T Bancorp Trading Down 6.8 %

Shares of NASDAQ STBA traded down $2.41 during midday trading on Thursday, reaching $33.14. The company had a trading volume of 249,373 shares, compared to its average volume of 164,405. The stock has a market cap of $1.27 billion, a PE ratio of 9.72 and a beta of 0.75. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79. The firm's fifty day moving average price is $38.15 and its 200-day moving average price is $39.35. 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 (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share 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, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were given 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 4.10%. S&T Bancorp's payout ratio is currently 39.88%.

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.