S&T Bancorp, Inc. (NASDAQ:STBA) Shares Bought by Amundi

Amundi boosted its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 190.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,530 shares of the financial services provider's stock after buying an additional 12,795 shares during the period. Amundi owned 0.05% of S&T Bancorp worth $718,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in S&T Bancorp by 2.3% during the third quarter. Stifel Financial Corp now owns 13,646 shares of the financial services provider's stock worth $573,000 after buying an additional 303 shares during the period. Versant Capital Management Inc increased its holdings in shares of S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 303 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of S&T Bancorp by 67.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 502 shares during the period. Inspire Investing LLC increased its holdings in shares of S&T Bancorp by 6.8% in the fourth quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 671 shares during the period. Finally, Diversified Trust Co increased its holdings in shares of S&T Bancorp by 8.6% in the fourth quarter. Diversified Trust Co now owns 9,264 shares of the financial services provider's stock valued at $354,000 after purchasing an additional 737 shares during the period. Institutional investors and hedge funds own 65.22% of the company's stock.

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S&T Bancorp Stock Performance

Shares of NASDAQ:STBA traded down $0.21 during trading on Friday, reaching $37.03. The company had a trading volume of 794,263 shares, compared to its average volume of 152,316. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 10.86 and a beta of 0.80. 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's fifty day moving average price is $38.72 and its 200 day moving average price is $40.05. 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 earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 EPS for the current year.

S&T Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp's dividend payout ratio is presently 39.88%.

Insiders Place Their Bets

In related news, Director Bhaskar Ramachandran acquired 764 shares of S&T Bancorp stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the purchase, the director now directly owns 1,251 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.38% of the stock is currently owned by company insiders.

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.