SpiderRock Advisors LLC Lowers Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

SpiderRock Advisors LLC decreased its holdings in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 22.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,375 shares of the financial services provider's stock after selling 17,000 shares during the period. SpiderRock Advisors LLC owned about 0.15% of S&T Bancorp worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in S&T Bancorp by 4,095.0% in the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider's stock worth $35,000 after buying an additional 819 shares in the last quarter. GAMMA Investing LLC grew its holdings in 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 worth $49,000 after purchasing an additional 526 shares during the last quarter. Innealta Capital LLC purchased a new position in S&T Bancorp in the second quarter worth $53,000. EntryPoint Capital LLC grew its holdings in S&T Bancorp by 188.0% in the first 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 purchased a new position in S&T Bancorp in the first quarter worth $152,000. Institutional investors own 65.22% of the company's stock.

S&T Bancorp Stock Performance

Shares of STBA traded up $0.58 during trading hours on Friday, reaching $42.16. 155,687 shares of the company traded hands, compared to its average volume of 177,045. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.01 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 0.08. S&T Bancorp, Inc. has a 12-month low of $26.40 and a 12-month high of $45.79. The business has a fifty day moving average price of $40.72 and a 200-day moving average price of $37.38.

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 for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. The firm had revenue of $96.35 million for the quarter, compared to analyst estimates of $98.90 million. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. Equities analysts anticipate that S&T Bancorp, Inc. will post 3.36 EPS for the current fiscal year.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 7th. This is a positive change from S&T Bancorp's previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.23%. S&T Bancorp's payout ratio is 38.75%.

Wall Street Analyst Weigh In

STBA has been the topic of several analyst reports. DA Davidson lifted their price target on shares of S&T Bancorp from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, July 19th. StockNews.com raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th.

S&T Bancorp Company Profile

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.