Stonebridge Financial Group LLC Takes Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Stonebridge Financial Group LLC acquired a new stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 24,656 shares of the financial services provider's stock, valued at approximately $942,000. Stonebridge Financial Group LLC owned approximately 0.06% of S&T Bancorp at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STBA. Empowered Funds LLC increased its stake in S&T Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,854 shares of the financial services provider's stock valued at $5,231,000 after buying an additional 6,620 shares during the last quarter. Confluence Wealth Services Inc. increased its stake in S&T Bancorp by 137.8% in the 4th quarter. Confluence Wealth Services Inc. now owns 30,806 shares of the financial services provider's stock valued at $1,146,000 after buying an additional 17,850 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in S&T Bancorp by 18.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,690 shares of the financial services provider's stock valued at $1,065,000 after buying an additional 4,374 shares during the last quarter. KBC Group NV increased its stake in S&T Bancorp by 55.0% in the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider's stock valued at $89,000 after buying an additional 825 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in S&T Bancorp by 6.8% in the 4th quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider's stock valued at $401,000 after buying an additional 671 shares during the last quarter. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Price Performance

Shares of S&T Bancorp stock traded up $0.51 on Friday, reaching $40.16. 138,975 shares of the stock were exchanged, compared to its average volume of 158,313. The firm's 50 day moving average is $39.03 and its 200-day moving average is $40.54. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $1.54 billion, a PE ratio of 11.78 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued 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 net margin of 23.24% and a return on equity of 9.77%. As a group, analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors 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 yield of 3.39%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp's dividend payout ratio is 39.88%.

Insider Buying and Selling

In other S&T Bancorp news, Director Bhaskar Ramachandran purchased 764 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the transaction, the director now 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 legal filing with the SEC, which is available at this hyperlink. 1.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.