Principal Financial Group Inc. boosted its stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,695 shares of the financial services provider's stock after buying an additional 7,027 shares during the period. Principal Financial Group Inc. owned 0.53% of S&T Bancorp worth $7,709,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of S&T Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider's stock valued at $38,850,000 after purchasing an additional 10,603 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in S&T Bancorp by 25.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock worth $578,000 after acquiring an additional 3,029 shares during the period. Barclays PLC boosted its position in S&T Bancorp by 124.4% during the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock worth $3,116,000 after acquiring an additional 41,148 shares during the period. Jane Street Group LLC boosted its position in S&T Bancorp by 35.2% during the 3rd quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider's stock worth $1,814,000 after acquiring an additional 11,252 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in S&T Bancorp during the 3rd quarter worth about $295,000. 65.22% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Bhaskar Ramachandran acquired 764 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price 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 of the company's stock, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.38% of the company's stock.
S&T Bancorp Stock Down 0.9 %
Shares of S&T Bancorp stock traded down $0.37 during trading on Wednesday, hitting $38.82. 187,489 shares of the stock traded hands, compared to its average volume of 164,633. The company has a fifty day moving average price of $38.65 and a two-hundred day moving average price of $40.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. S&T Bancorp, Inc. has a twelve month low of $28.83 and a twelve month high of $45.79. The stock has a market cap of $1.49 billion, a P/E ratio of 11.38 and a beta of 0.84.
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, topping 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%. Equities research analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.
S&T Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp's dividend payout ratio is currently 39.88%.
About S&T Bancorp
(
Free Report)
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.
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