Graham Capital Management L.P. Invests $472,000 in S&T Bancorp, Inc. (NASDAQ:STBA)

Graham Capital Management L.P. bought a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 12,357 shares of the financial services provider's stock, valued at approximately $472,000.

Several other hedge funds have also recently bought and sold shares of the stock. Deutsche Bank AG increased its position in shares of S&T Bancorp by 52.7% during the fourth quarter. Deutsche Bank AG now owns 34,118 shares of the financial services provider's stock worth $1,304,000 after acquiring an additional 11,776 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in S&T Bancorp by 2.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 286,455 shares of the financial services provider's stock valued at $10,948,000 after acquiring an additional 6,620 shares in the last quarter. Citadel Advisors LLC boosted its stake in S&T Bancorp by 25.5% in the 4th quarter. Citadel Advisors LLC now owns 23,700 shares of the financial services provider's stock worth $906,000 after purchasing an additional 4,809 shares during the period. Northern Trust Corp increased its holdings in S&T Bancorp by 21.7% during the 4th quarter. Northern Trust Corp now owns 483,413 shares of the financial services provider's stock worth $18,476,000 after purchasing an additional 86,317 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of S&T Bancorp in the 4th quarter valued at about $1,799,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Stock Down 1.3%

Shares of STBA traded down $0.51 during mid-day trading on Wednesday, hitting $37.68. 28,848 shares of the company's stock were exchanged, compared to its average volume of 165,423. 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, Inc. has a 52 week low of $29.85 and a 52 week high of $45.79. The company has a market cap of $1.44 billion, a PE ratio of 11.05 and a beta of 0.86. The company has a 50-day simple moving average of $36.46 and a 200 day simple moving average of $38.74.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. On average, research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.36 annualized dividend and a yield of 3.61%. S&T Bancorp's dividend payout ratio is 39.19%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their price objective on S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating for the company in a research report on Monday, April 28th.

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.