S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,414 shares of the financial services provider's stock after selling 11,600 shares during the quarter. New York State Common Retirement Fund's holdings in S&T Bancorp were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in S&T Bancorp by 4,095.0% during the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 819 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of S&T Bancorp by 48.6% during the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 303 shares during the last quarter. KBC Group NV lifted its holdings in shares of S&T Bancorp by 55.0% during the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 825 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of S&T Bancorp during the 4th quarter valued at $166,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of S&T Bancorp during the 3rd quarter valued at $204,000. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director Bhaskar Ramachandran bought 764 shares of S&T Bancorp stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $39.25 per share, for a total transaction 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. The trade was a 156.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.38% of the stock is currently owned by company insiders.

S&T Bancorp Stock Up 0.6 %

S&T Bancorp stock traded up $0.22 during midday trading on Friday, reaching $39.00. The company's stock had a trading volume of 153,085 shares, compared to its average volume of 164,577. The stock's 50-day simple moving average is $38.65 and its 200-day simple moving average is $40.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp, Inc. has a 52-week low of $28.83 and a 52-week high of $45.79. The stock has a market capitalization of $1.49 billion, a P/E ratio of 11.44 and a beta of 0.80.

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 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%. On average, sell-side analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.49%. S&T Bancorp's dividend payout ratio (DPR) 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.