EntryPoint Capital LLC Acquires Shares of 7,910 S&T Bancorp, Inc. $STBA

Key Points

• EntryPoint Capital LLC has acquired a new stake in S&T Bancorp, Inc. valued at approximately $293,000, indicating growing institutional interest in the company.
• S&T Bancorp recently announced a quarterly dividend of $0.34 per share, reflecting a 3.5% yield, with the dividend payout ratio currently at 39.88%.
• Analysts have set an average price target of $42.00 for S&T Bancorp, with a general rating of "Hold" from various analyst reports.

EntryPoint Capital LLC bought a new stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,910 shares of the financial services provider's stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STBA. Sterling Capital Management LLC boosted its stake in shares of S&T Bancorp by 824.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock worth $47,000 after buying an additional 1,088 shares during the last quarter. Barclays PLC boosted its stake in shares of S&T Bancorp by 7.3% in the 4th quarter. Barclays PLC now owns 79,682 shares of the financial services provider's stock worth $3,046,000 after buying an additional 5,446 shares during the last quarter. Mariner LLC lifted its stake in S&T Bancorp by 7.5% in the fourth quarter. Mariner LLC now owns 16,511 shares of the financial services provider's stock valued at $631,000 after purchasing an additional 1,156 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in S&T Bancorp by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,655 shares of the financial services provider's stock valued at $1,512,000 after purchasing an additional 254 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in S&T Bancorp by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 22,916 shares of the financial services provider's stock valued at $876,000 after purchasing an additional 1,433 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company's stock.

S&T Bancorp Stock Performance

Shares of STBA traded down $0.27 during trading hours on Thursday, reaching $39.67. 31,043 shares of the company traded hands, compared to its average volume of 155,692. The stock has a market capitalization of $1.52 billion, a P/E ratio of 11.62 and a beta of 0.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a 12-month low of $30.84 and a 12-month high of $45.46. The business has a fifty day moving average price of $38.04 and a 200-day moving average price of $37.53.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. The firm had revenue of $100.07 million for the quarter, compared to analyst estimates of $99.30 million. S&T Bancorp had a net margin of 23.39% and a return on equity of 9.32%. Equities analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, August 14th. S&T Bancorp's dividend payout ratio (DPR) is 39.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen upgraded S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Hovde Group started coverage on shares of S&T Bancorp in a research note on Friday, June 27th. They issued a "market perform" rating and a $41.00 price target for the company. Finally, Piper Sandler started coverage on shares of S&T Bancorp in a research note on Friday, July 18th. They set a "neutral" rating and a $42.00 target price for the company. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $42.00.

S&T Bancorp 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.