Ameriprise Financial Inc. Sells 10,890 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Ameriprise Financial Inc. decreased its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,023 shares of the financial services provider's stock after selling 10,890 shares during the period. Ameriprise Financial Inc. owned 0.26% of S&T Bancorp worth $3,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STBA. Vanguard Group Inc. boosted its position in shares of S&T Bancorp by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock valued at $176,453,000 after purchasing an additional 160,453 shares in the last quarter. JPMorgan Chase & Co. raised its stake in S&T Bancorp by 333.4% during 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 during the 4th quarter worth approximately $4,181,000. Northern Trust Corp raised its stake 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 buying an additional 86,317 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider's stock worth $57,067,000 after buying an additional 60,617 shares during the period. Institutional investors own 65.22% of the company's stock.

S&T Bancorp Stock Down 0.4%

Shares of S&T Bancorp stock traded down $0.15 on Friday, hitting $36.84. The company had a trading volume of 44,516 shares, compared to its average volume of 165,063. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.80 and a beta of 0.86. S&T Bancorp, Inc. has a 1 year low of $29.85 and a 1 year high of $45.79. The stock has a 50 day moving average of $36.35 and a 200-day moving average of $38.59. 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 issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The firm had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. As a group, sell-side analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, May 15th. S&T Bancorp's payout ratio is 39.19%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STBA shares. Wall Street Zen downgraded S&T Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Keefe, Bruyette & Woods dropped their price target on S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research note 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.