Deutsche Bank AG Buys 11,776 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Deutsche Bank AG raised its holdings in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 52.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,118 shares of the financial services provider's stock after buying an additional 11,776 shares during the period. Deutsche Bank AG owned about 0.09% of S&T Bancorp worth $1,304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake 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 period. Smartleaf Asset Management LLC grew its position in shares of S&T Bancorp by 67.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 502 shares during the last quarter. KBC Group NV grew 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 valued at $89,000 after purchasing an additional 825 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of S&T Bancorp in the fourth quarter valued at approximately $153,000. Finally, SG Americas Securities LLC acquired a new position in shares of S&T Bancorp in the fourth quarter valued at approximately $166,000. Institutional investors own 65.22% of the company's stock.

S&T Bancorp Price Performance

NASDAQ:STBA traded down $0.12 during trading hours on Friday, reaching $36.87. 16,132 shares of the company were exchanged, compared to its average volume of 164,949. The company has a market capitalization of $1.41 billion, a P/E ratio of 10.82 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 company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day moving average of $36.35 and a 200 day moving average of $38.59.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $93.75 million for 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%. Research analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The business 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 yield of 3.69%. The ex-dividend date of this dividend was Thursday, May 15th. S&T Bancorp's dividend payout ratio is currently 39.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen downgraded S&T Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Keefe, Bruyette & Woods decreased their target price on 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 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.