Royce & Associates LP reduced its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,319 shares of the financial services provider's stock after selling 7,461 shares during the quarter. Royce & Associates LP owned about 0.09% of S&T Bancorp worth $1,350,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider's stock worth $57,067,000 after buying an additional 60,617 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of S&T Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider's stock valued at $38,850,000 after acquiring an additional 10,603 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of S&T Bancorp by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider's stock valued at $7,709,000 after purchasing an additional 7,027 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of S&T Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,854 shares of the financial services provider's stock worth $5,231,000 after buying an additional 6,620 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in S&T Bancorp during the 4th quarter valued at about $3,297,000. 65.22% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at S&T Bancorp
In other news, Director Bhaskar Ramachandran bought 764 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $39.25 per share, with a total value of $29,987.00. Following the purchase, the director now directly owns 1,251 shares in the company, valued at $49,101.75. The trade was a 156.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.38% of the stock is currently owned by corporate insiders.
S&T Bancorp Stock Performance
NASDAQ STBA traded down $0.37 during trading hours on Tuesday, reaching $37.57. The stock had a trading volume of 124,039 shares, compared to its average volume of 152,382. The stock has a market cap of $1.44 billion, a P/E ratio of 11.02 and a beta of 0.80. S&T Bancorp, Inc. has a 52-week low of $28.83 and a 52-week high of $45.79. The stock has a fifty day moving average of $38.77 and a 200 day moving average of $40.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. Sell-side analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.
S&T Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, February 13th. S&T Bancorp's dividend payout ratio is currently 39.88%.
S&T Bancorp Profile
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Free Report)
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.
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