GSA Capital Partners LLP Has $1.53 Million Position in S&T Bancorp, Inc. (NASDAQ:STBA)

GSA Capital Partners LLP grew its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 519.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,199 shares of the financial services provider's stock after buying an additional 34,546 shares during the quarter. GSA Capital Partners LLP owned approximately 0.11% of S&T Bancorp worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in 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 boosted its holdings in shares of S&T Bancorp by 41.9% during the first quarter. GAMMA Investing LLC now owns 1,762 shares of the financial services provider's stock worth $65,000 after purchasing an additional 520 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of S&T Bancorp by 7.6% during the first quarter. Nisa Investment Advisors LLC now owns 5,187 shares of the financial services provider's stock worth $192,000 after purchasing an additional 367 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of S&T Bancorp during the fourth quarter worth approximately $230,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of S&T Bancorp during the fourth quarter worth approximately $233,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STBA has been the topic of several recent research reports. Piper Sandler initiated coverage on shares of S&T Bancorp in a research report on Friday, July 18th. They set a "neutral" rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods cut 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 report on Monday, April 28th. Hovde Group initiated coverage on shares of S&T Bancorp in a research report on Friday, June 27th. They set a "market perform" rating and a $41.00 price objective on the stock. Finally, Wall Street Zen raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th.

S&T Bancorp Stock Performance

Shares of NASDAQ:STBA traded down $0.91 during trading on Friday, reaching $35.73. The stock had a trading volume of 178,696 shares, compared to its average volume of 125,670. The stock has a fifty day simple moving average of $37.73 and a two-hundred day simple moving average of $37.64. 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 52 week low of $30.84 and a 52 week high of $45.46. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.48 and a beta of 0.89.

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

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, August 14th. S&T Bancorp's dividend payout ratio (DPR) is currently 39.88%.

About S&T Bancorp

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.