Bailard Inc. boosted its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 198.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,102 shares of the financial services provider's stock after purchasing an additional 10,700 shares during the quarter. Bailard Inc.'s holdings in S&T Bancorp were worth $597,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in S&T Bancorp by 824.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,088 shares during the last quarter. GAMMA Investing LLC boosted its position in S&T Bancorp by 41.9% in the first quarter. GAMMA Investing LLC now owns 1,762 shares of the financial services provider's stock valued at $65,000 after buying an additional 520 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in S&T Bancorp in the fourth quarter valued at approximately $153,000. Nisa Investment Advisors LLC boosted its position in S&T Bancorp by 7.6% in the first quarter. Nisa Investment Advisors LLC now owns 5,187 shares of the financial services provider's stock valued at $192,000 after buying an additional 367 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in S&T Bancorp in the fourth quarter valued at approximately $230,000. 65.22% of the stock is currently owned by institutional investors.
S&T Bancorp Stock Performance
NASDAQ STBA opened at $39.12 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of 11.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50-day moving average of $37.79 and a two-hundred day moving average of $37.58. S&T Bancorp, Inc. has a 1-year low of $30.84 and a 1-year high of $45.79.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.13. The business had revenue of $93.75 million during the quarter, compared to analysts' expectations of $96.40 million. S&T Bancorp had a return on equity of 9.71% and a net margin of 23.84%. As a group, analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current year.
S&T Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, May 15th. S&T Bancorp's dividend payout ratio is currently 39.19%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on STBA shares. Hovde Group started coverage on S&T Bancorp in a research report on Friday, June 27th. They set a "market perform" rating and a $41.00 target price on the stock. Piper Sandler assumed coverage on S&T Bancorp in a report on Friday. They issued a "neutral" rating and a $42.00 price objective on the stock. Wall Street Zen upgraded S&T Bancorp from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Keefe, Bruyette & Woods decreased their price objective on 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.
Check Out Our Latest Stock Report on S&T Bancorp
S&T Bancorp Profile
(
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.
Read More
Want to see what other hedge funds are holding STBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&T Bancorp, Inc. (NASDAQ:STBA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider S&T Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&T Bancorp wasn't on the list.
While S&T Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
