ProShare Advisors LLC lifted its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,774 shares of the financial services provider's stock after purchasing an additional 14,107 shares during the quarter. ProShare Advisors LLC owned approximately 0.50% of S&T Bancorp worth $7,291,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Barclays PLC increased its stake 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 purchasing an additional 41,148 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of S&T Bancorp by 25.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock worth $578,000 after purchasing an additional 3,029 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of S&T Bancorp by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider's stock worth $7,709,000 after purchasing an additional 7,027 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of S&T Bancorp by 18.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,690 shares of the financial services provider's stock worth $1,065,000 after purchasing an additional 4,374 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider's stock worth $57,067,000 after purchasing an additional 60,617 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company's stock.
S&T Bancorp Stock Performance
Shares of NASDAQ STBA traded down $0.13 during trading hours on Friday, hitting $36.49. 118,591 shares of the stock were exchanged, compared to its average volume of 165,817. 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 company's 50 day moving average is $36.39 and its 200 day moving average is $38.67. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.70 and a beta of 0.86. S&T Bancorp, Inc. has a one year low of $29.85 and a one year high of $45.79.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $93.75 million during the quarter, compared to the consensus estimate 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 expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.
S&T Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, May 15th. S&T Bancorp's dividend payout ratio is currently 39.19%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on STBA. Keefe, Bruyette & Woods dropped their price target 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 downgraded shares of S&T Bancorp from a "hold" rating to a "sell" rating in a report on Saturday.
Read Our Latest Analysis on STBA
S&T Bancorp Company Profile
(
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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