Rafferty Asset Management LLC Purchases 6,896 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Rafferty Asset Management LLC boosted its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,078 shares of the financial services provider's stock after purchasing an additional 6,896 shares during the period. Rafferty Asset Management LLC owned approximately 0.09% of S&T Bancorp worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in STBA. Vanguard Group Inc. lifted its stake in S&T Bancorp by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider's stock worth $176,453,000 after purchasing an additional 160,453 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in S&T Bancorp by 333.4% in the fourth quarter. JPMorgan Chase & Co. now owns 150,183 shares of the financial services provider's stock worth $5,740,000 after purchasing an additional 115,528 shares during the last quarter. Norges Bank bought a new stake in S&T Bancorp in the fourth quarter worth about $4,181,000. Northern Trust Corp lifted its stake in S&T Bancorp by 21.7% in the fourth quarter. Northern Trust Corp now owns 483,413 shares of the financial services provider's stock worth $18,476,000 after purchasing an additional 86,317 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in S&T Bancorp in the fourth quarter worth about $3,297,000. Institutional investors own 65.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their price target on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating for the company in a research note on Monday, April 28th.

S&T Bancorp Stock Performance

S&T Bancorp stock opened at $37.03 on Thursday. The company has a 50 day moving average price of $36.45 and a 200-day moving average price of $38.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. S&T Bancorp, Inc. has a fifty-two week low of $29.85 and a fifty-two week high of $45.79. The company has a market capitalization of $1.42 billion, a PE ratio of 10.86 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings results 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. The firm 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%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, May 15th. S&T Bancorp's dividend payout ratio (DPR) is 39.19%.

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.

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