GAMMA Investing LLC increased its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 5,156.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,282 shares of the financial services provider's stock after acquiring an additional 64,040 shares during the quarter. GAMMA Investing LLC owned 0.17% of S&T Bancorp worth $2,419,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC raised 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 valued at $47,000 after acquiring an additional 1,088 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of S&T Bancorp by 67.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 502 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of S&T Bancorp during the fourth quarter valued at approximately $153,000. Bailard Inc. acquired a new stake in shares of S&T Bancorp during the fourth quarter valued at approximately $206,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of S&T Bancorp during the fourth quarter valued at approximately $230,000. Institutional investors and hedge funds own 65.22% of the company's stock.
S&T Bancorp Stock Down 1.3%
S&T Bancorp stock traded down $0.46 during trading hours on Monday, hitting $36.00. The company had a trading volume of 111,370 shares, compared to its average volume of 166,217. The firm has a market capitalization of $1.38 billion, a P/E ratio of 10.56 and a beta of 0.90. 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 firm's fifty day moving average is $36.56 and its 200-day moving average is $37.98. S&T Bancorp, Inc. has a fifty-two week low of $30.04 and a fifty-two week high of $45.79.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.13. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. The firm had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. On average, research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.
S&T Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.78%. S&T Bancorp's dividend payout ratio (DPR) is 39.19%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Wall Street Zen lowered shares of S&T Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.
Get Our Latest Analysis on S&T Bancorp
About S&T Bancorp
(
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.
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