Proficio Capital Partners LLC Takes $1.31 Million Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Proficio Capital Partners LLC acquired a new position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,283 shares of the financial services provider's stock, valued at approximately $1,310,000. Proficio Capital Partners LLC owned approximately 0.09% of S&T Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of STBA. Victory Capital Management Inc. grew its position in shares of S&T Bancorp by 45.7% during the third quarter. Victory Capital Management Inc. now owns 10,725 shares of the financial services provider's stock worth $450,000 after purchasing an additional 3,365 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of S&T Bancorp during the third quarter valued at approximately $323,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of S&T Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider's stock worth $60,122,000 after buying an additional 43,268 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of S&T Bancorp during the third quarter worth $295,000. Finally, FMR LLC grew its stake in S&T Bancorp by 180.3% during the third quarter. FMR LLC now owns 18,256 shares of the financial services provider's stock valued at $766,000 after acquiring an additional 11,744 shares in the last quarter. 65.22% of the stock is currently owned by institutional investors.

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S&T Bancorp Price Performance

NASDAQ STBA traded up $0.91 on Monday, reaching $37.94. The company had a trading volume of 168,901 shares, compared to its average volume of 152,383. The firm's 50 day moving average price is $38.72 and its 200 day moving average price is $40.04. S&T Bancorp, Inc. has a 12 month low of $28.83 and a 12 month high of $45.79. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.13 and a beta of 0.80. 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 issued its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) 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%. As a group, equities analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders 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 dividend yield of 3.58%. S&T Bancorp's dividend payout ratio (DPR) is 39.88%.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran acquired 764 shares of the stock in a transaction 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 transaction, the director now directly owns 1,251 shares of the company's stock, valued at $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.38% of the company's stock.

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.