Dean Capital Management lowered its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,089 shares of the financial services provider's stock after selling 6,727 shares during the quarter. Dean Capital Management owned about 0.11% of S&T Bancorp worth $1,570,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of STBA. Vanguard Group Inc. increased its holdings in S&T Bancorp by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock worth $176,453,000 after buying an additional 160,453 shares during the period. JPMorgan Chase & Co. increased its holdings in S&T Bancorp by 333.4% in the 4th quarter. JPMorgan Chase & Co. now owns 150,183 shares of the financial services provider's stock worth $5,740,000 after buying an additional 115,528 shares during the period. Norges Bank acquired a new position in S&T Bancorp in the 4th quarter worth approximately $4,181,000. Northern Trust Corp increased its holdings in S&T Bancorp by 21.7% in the 4th quarter. Northern Trust Corp now owns 483,413 shares of the financial services provider's stock worth $18,476,000 after buying an additional 86,317 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in S&T Bancorp in the 4th quarter worth approximately $3,297,000. Institutional investors and hedge funds own 65.22% of the company's stock.
S&T Bancorp Stock Performance
Shares of NASDAQ STBA traded up $1.48 during midday trading on Monday, reaching $39.08. 42,624 shares of the stock were exchanged, compared to its average volume of 165,360. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 11.46 and a beta of 0.86. S&T Bancorp, Inc. has a twelve month low of $29.85 and a twelve month high of $45.79. The firm has a 50-day simple moving average of $36.41 and a two-hundred day simple moving average of $38.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. The firm had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. As a group, analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.
S&T Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.48%. S&T Bancorp's dividend payout ratio (DPR) is 39.19%.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods cut 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.
View Our Latest Research Report on STBA
Insider Activity
In other news, Director Bhaskar Ramachandran acquired 764 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now owns 1,251 shares of the company's stock, valued at approximately $49,101.75. This trade represents a 156.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.23% of the company's stock.
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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