Insider Buying: S&T Bancorp, Inc. (NASDAQ:STBA) Director Buys 764 Shares of Stock

S&T Bancorp, Inc. (NASDAQ:STBA - Get Free Report) Director Bhaskar Ramachandran purchased 764 shares of S&T Bancorp stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now owns 1,251 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website.

S&T Bancorp Trading Up 1.3 %

STBA traded up $0.51 during trading hours on Monday, reaching $40.16. The company's stock had a trading volume of 138,975 shares, compared to its average volume of 152,344. The business's 50-day moving average is $38.93 and its 200-day moving average is $40.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $1.54 billion, a PE ratio of 11.78 and a beta of 0.84. S&T Bancorp, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates 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 research analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Thursday, February 13th. S&T Bancorp's dividend payout ratio is presently 39.88%.

Institutional Investors Weigh In On S&T Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in S&T Bancorp by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock valued at $176,453,000 after purchasing an additional 160,453 shares during the period. JPMorgan Chase & Co. boosted its position in shares of S&T Bancorp by 333.4% during the fourth quarter. JPMorgan Chase & Co. now owns 150,183 shares of the financial services provider's stock worth $5,740,000 after buying an additional 115,528 shares during the period. Norges Bank acquired a new stake in shares of S&T Bancorp in the fourth quarter valued at $4,181,000. Northern Trust Corp raised its holdings in shares of S&T Bancorp by 21.7% in the 4th quarter. Northern Trust Corp now owns 483,413 shares of the financial services provider's stock valued at $18,476,000 after buying an additional 86,317 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in S&T Bancorp during the 4th quarter worth about $3,297,000. 65.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th.

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.