Graham Capital Management L.P. Takes Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Graham Capital Management L.P. purchased a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,357 shares of the financial services provider's stock, valued at approximately $472,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of S&T Bancorp by 124.4% in the third quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock worth $3,116,000 after purchasing an additional 41,148 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in S&T Bancorp by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,655 shares of the financial services provider's stock valued at $1,454,000 after acquiring an additional 1,901 shares during the period. Assenagon Asset Management S.A. bought a new position in S&T Bancorp in the 4th quarter valued at about $3,297,000. Hennion & Walsh Asset Management Inc. raised its holdings in S&T Bancorp by 25.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock valued at $578,000 after acquiring an additional 3,029 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of S&T Bancorp during the 4th quarter worth approximately $166,000. Institutional investors and hedge funds own 65.22% of the company's stock.

S&T Bancorp Price Performance

Shares of NASDAQ STBA traded down $0.12 during trading hours on Monday, hitting $38.28. 131,394 shares of the stock were exchanged, compared to its average volume of 166,117. 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 company has a market cap of $1.47 billion, a PE ratio of 11.23 and a beta of 0.86. The company's fifty day simple moving average is $36.44 and its two-hundred day simple moving average is $38.73. S&T Bancorp, Inc. has a 1-year low of $29.85 and a 1-year high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly 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 net margin of 23.24% and a return on equity of 9.77%. On average, sell-side analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.55%. S&T Bancorp's dividend payout ratio is 39.19%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their target price on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th.

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.