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

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

Several other large investors have also made changes to their positions in STBA. Barclays PLC boosted its position in shares of S&T Bancorp by 124.4% during the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock worth $3,116,000 after acquiring an additional 41,148 shares in the last quarter. SG Americas Securities LLC acquired a new stake in S&T Bancorp in the fourth quarter valued at approximately $166,000. Janney Montgomery Scott LLC boosted its position in S&T Bancorp by 20.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,494 shares of the financial services provider's stock valued at $516,000 after buying an additional 2,328 shares in the last quarter. Inspire Investing LLC boosted its position in S&T Bancorp by 6.8% in the fourth quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider's stock valued at $401,000 after buying an additional 671 shares in the last quarter. Finally, KBC Group NV boosted its position in 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 buying an additional 825 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen lowered shares of S&T Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Keefe, Bruyette & Woods cut their target price on shares of 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 Trading Down 1.7%

Shares of NASDAQ:STBA traded down $0.63 during mid-day trading on Wednesday, reaching $36.57. 109,984 shares of the company's stock were exchanged, compared to its average volume of 165,548. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.72 and a beta of 0.86. The business's fifty day moving average price is $36.36 and its 200-day moving average price is $38.60. 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, Inc. has a twelve month low of $29.85 and a twelve month high of $45.79.

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 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The company had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. On average, research analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, May 15th. S&T Bancorp's dividend payout ratio is presently 39.19%.

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.