Royce & Associates LP trimmed its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 24.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,780 shares of the financial services provider's stock after selling 13,770 shares during the quarter. Royce & Associates LP owned approximately 0.11% of S&T Bancorp worth $1,795,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider's stock worth $35,000 after acquiring an additional 819 shares in the last quarter. GAMMA Investing LLC grew its position in shares of S&T Bancorp by 80.8% in the third quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 526 shares during the period. Innealta Capital LLC purchased a new stake in shares of S&T Bancorp during the second quarter worth about $53,000. EntryPoint Capital LLC raised its position in shares of S&T Bancorp by 188.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider's stock worth $92,000 after purchasing an additional 1,863 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of S&T Bancorp during the 1st quarter worth about $152,000. 65.22% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Frank J. Palermo, Jr. sold 4,982 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the completion of the sale, the director now directly owns 23,143 shares in the company, valued at approximately $1,000,009.03. This trade represents a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.38% of the stock is currently owned by company insiders.
S&T Bancorp Price Performance
STBA traded down $0.19 on Wednesday, hitting $41.83. 18,803 shares of the company's stock were exchanged, compared to its average volume of 162,355. The firm has a 50-day moving average price of $40.82 and a 200-day moving average price of $37.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 11.97 and a beta of 0.80. S&T Bancorp, Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $45.79.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. The company had revenue of $96.35 million during the quarter, compared to analysts' expectations of $98.90 million. As a group, equities analysts anticipate that S&T Bancorp, Inc. will post 3.36 earnings per share for the current year.
S&T Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from S&T Bancorp's previous quarterly dividend of $0.33. S&T Bancorp's dividend payout ratio (DPR) is currently 38.75%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised S&T Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th.
View Our Latest Report on S&T Bancorp
S&T Bancorp Profile
(
Free Report)
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.
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