7,600 Shares in S&T Bancorp, Inc. (STBA) Purchased by Barings LLC

Barings LLC purchased a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,600 shares of the financial services provider’s stock, valued at approximately $301,000.

Several other hedge funds have also made changes to their positions in STBA. TIAA CREF Investment Management LLC lifted its stake in S&T Bancorp by 1.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 101,339 shares of the financial services provider’s stock worth $3,634,000 after purchasing an additional 1,407 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in S&T Bancorp by 80.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 88,471 shares of the financial services provider’s stock worth $3,502,000 after purchasing an additional 39,400 shares in the last quarter. Prudential Financial Inc. lifted its stake in S&T Bancorp by 7.1% in the 3rd quarter. Prudential Financial Inc. now owns 258,088 shares of the financial services provider’s stock worth $10,215,000 after purchasing an additional 17,050 shares in the last quarter. Royal Bank of Canada lifted its stake in S&T Bancorp by 55.0% in the 2nd quarter. Royal Bank of Canada now owns 19,443 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 6,898 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in S&T Bancorp by 59.7% in the 2nd quarter. Aperio Group LLC now owns 18,646 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 6,971 shares in the last quarter. Institutional investors own 55.18% of the company’s stock.

S&T Bancorp, Inc. (NASDAQ STBA) opened at $40.43 on Wednesday. The company has a market cap of $1,453.39, a price-to-earnings ratio of 17.83 and a beta of 0.86. S&T Bancorp, Inc. has a twelve month low of $31.72 and a twelve month high of $43.17. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. The firm had revenue of $71.01 million for the quarter, compared to analyst estimates of $73.70 million. S&T Bancorp had a net margin of 26.44% and a return on equity of 9.41%. During the same quarter in the prior year, the firm earned $0.59 EPS. equities research analysts expect that S&T Bancorp, Inc. will post 2.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.22 dividend. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.18%. S&T Bancorp’s dividend payout ratio is presently 37.77%.

In other news, Director David Krieger sold 1,201 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $41.78, for a total value of $50,177.78. Following the transaction, the director now owns 18,045 shares of the company’s stock, valued at approximately $753,920.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank W. Jones sold 850 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $41.32, for a total transaction of $35,122.00. Following the completion of the transaction, the director now directly owns 24,215 shares in the company, valued at approximately $1,000,563.80. The disclosure for this sale can be found here. 2.71% of the stock is owned by corporate insiders.

Several analysts have issued reports on the stock. BidaskClub upgraded shares of S&T Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of S&T Bancorp in a report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $36.50 price target on shares of S&T Bancorp in a report on Thursday, October 19th. Zacks Investment Research raised shares of S&T Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, October 24th. Finally, Boenning Scattergood reissued a “hold” rating on shares of S&T Bancorp in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.33.

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S&T Bancorp Company Profile

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.

Institutional Ownership by Quarter for S&T Bancorp (NASDAQ:STBA)

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