Vanguard Group Inc. increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,616,780 shares of the financial services provider's stock after purchasing an additional 160,453 shares during the quarter. Vanguard Group Inc. owned 12.07% of S&T Bancorp worth $176,453,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in S&T Bancorp by 180.3% during the third quarter. FMR LLC now owns 18,256 shares of the financial services provider's stock worth $766,000 after buying an additional 11,744 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of S&T Bancorp by 66.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,396 shares of the financial services provider's stock worth $520,000 after acquiring an additional 4,929 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of S&T Bancorp by 5.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,164 shares of the financial services provider's stock worth $3,155,000 after acquiring an additional 4,133 shares during the period. Centiva Capital LP purchased a new position in S&T Bancorp in the 3rd quarter valued at approximately $451,000. Finally, Stifel Financial Corp raised its holdings 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 purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company's stock.
S&T Bancorp Price Performance
STBA traded down $0.25 during trading on Friday, reaching $32.89. 180,554 shares of the stock were exchanged, compared to its average volume of 164,692. 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 company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 9.65 and a beta of 0.75. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The business's 50 day moving average price is $38.00 and its two-hundred day moving average price is $39.29.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.
S&T Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Thursday, February 13th. S&T Bancorp's dividend payout ratio (DPR) is presently 39.88%.
Insider Activity
In related news, Director Bhaskar Ramachandran acquired 764 shares of S&T Bancorp stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the transaction, the director now directly owns 1,251 shares of the company's stock, valued at $49,101.75. The trade was a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.38% of the company's stock.
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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