Dean Capital Management trimmed its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,089 shares of the financial services provider's stock after selling 6,727 shares during the period. Dean Capital Management owned about 0.11% of S&T Bancorp worth $1,570,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 303 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of S&T Bancorp by 824.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 1,088 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of S&T Bancorp by 67.7% during the 4th 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 during the period. KBC Group NV boosted its position in shares of S&T Bancorp by 55.0% in 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 last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in S&T Bancorp in the fourth quarter valued at approximately $153,000. Institutional investors and hedge funds own 65.22% of the company's stock.
S&T Bancorp Trading Down 0.7 %
Shares of NASDAQ:STBA traded down $0.25 during trading on Friday, reaching $37.63. 78,039 shares of the stock were exchanged, compared to its average volume of 165,842. The firm's 50-day moving average price is $36.41 and its 200 day moving average price is $38.73. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 11.04 and a beta of 0.86. S&T Bancorp, Inc. has a 12-month low of $29.85 and a 12-month high of $45.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.13. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. The business had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. On average, sell-side analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.
S&T Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued 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 3.61%. S&T Bancorp's payout ratio is currently 39.19%.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods decreased their price target on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a report on Monday, April 28th.
Read Our Latest Stock Report on STBA
Insider Buying and Selling
In other S&T Bancorp news, Director Bhaskar Ramachandran acquired 764 shares of the company's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now directly owns 1,251 shares of the company's stock, valued at $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.23% of the stock is currently owned by corporate insiders.
About S&T Bancorp
(
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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