7,910 Shares in S&T Bancorp, Inc. $STBA Acquired by EntryPoint Capital LLC

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 position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,910 shares of the financial services provider's stock, valued at approximately $293,000.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of S&T Bancorp by 824.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock worth $47,000 after purchasing an additional 1,088 shares during the period. GAMMA Investing LLC raised its stake 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 worth $65,000 after buying an additional 520 shares in the last quarter. Nisa Investment Advisors LLC raised its stake 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 worth $192,000 after buying an additional 367 shares in the last quarter. US Bancorp DE raised its stake in S&T Bancorp by 1,015.1% in the first quarter. US Bancorp DE now owns 5,754 shares of the financial services provider's stock worth $213,000 after buying an additional 5,238 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in S&T Bancorp in the fourth quarter worth about $230,000. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STBA shares. Wall Street Zen raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Piper Sandler began 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. Finally, Hovde Group began coverage on shares of S&T Bancorp in a research note on Friday, June 27th. They set a "market perform" rating and a $41.00 target price for the company. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, S&T Bancorp has a consensus rating of "Hold" and a consensus target price of $42.00.

S&T Bancorp Stock Up 1.1%

Shares of NASDAQ STBA traded up $0.43 on Wednesday, reaching $39.92. 66,947 shares of the company's stock traded hands, compared to its average volume of 155,856. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 11.69 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. The business's 50 day simple moving average is $37.96 and its two-hundred day simple moving average is $37.52. S&T Bancorp, Inc. has a 12 month low of $30.84 and a 12 month high of $45.46.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $100.07 million during the quarter, compared to the consensus estimate of $99.30 million. S&T Bancorp had a net margin of 23.39% and a return on equity of 9.32%. As a group, equities research analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

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

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.