Victory Capital Management Inc. Purchases 9,260 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Victory Capital Management Inc. grew its holdings in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 86.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,985 shares of the financial services provider's stock after acquiring an additional 9,260 shares during the quarter. Victory Capital Management Inc. owned 0.05% of S&T Bancorp worth $764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc increased its stake in S&T Bancorp by 48.6% during the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock worth $35,000 after purchasing an additional 303 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of S&T Bancorp by 67.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock worth $48,000 after acquiring an additional 502 shares in the last quarter. KBC Group NV raised its holdings in shares of S&T Bancorp by 55.0% during the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider's stock worth $89,000 after acquiring an additional 825 shares during the period. SG Americas Securities LLC bought a new stake in S&T Bancorp in the 4th quarter valued at $166,000. Finally, Bailard Inc. acquired a new position in S&T Bancorp in the 4th quarter worth $206,000. Institutional investors and hedge funds own 65.22% of the company's stock.

Insider Buying and Selling at S&T Bancorp

In other S&T Bancorp news, Director Bhaskar Ramachandran purchased 764 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the purchase, the director now owns 1,251 shares in the company, valued at approximately $49,101.75. The trade was a 156.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.38% of the company's stock.

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S&T Bancorp Stock Down 1.0 %

STBA stock traded down $0.37 during trading hours on Tuesday, reaching $37.57. 124,039 shares of the stock were exchanged, compared to its average volume of 152,382. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 11.02 and a beta of 0.80. The firm's 50-day moving average is $38.77 and its 200-day moving average is $40.01. S&T Bancorp, Inc. has a 12 month low of $28.83 and a 12 month high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced 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%. On average, equities research analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp's dividend payout ratio (DPR) is currently 39.88%.

S&T Bancorp 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.