SG Americas Securities LLC Has $677,000 Stake in S&T Bancorp, Inc. (NASDAQ:STBA)

SG Americas Securities LLC increased its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 320.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,282 shares of the financial services provider's stock after purchasing an additional 13,934 shares during the period. SG Americas Securities LLC's holdings in S&T Bancorp were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in STBA. CANADA LIFE ASSURANCE Co grew its position in S&T Bancorp by 0.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,655 shares of the financial services provider's stock worth $1,512,000 after buying an additional 254 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of S&T Bancorp by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider's stock valued at $5,781,000 after acquiring an additional 410 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock worth $48,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 520 shares during the period. Finally, Bank of Montreal Can increased its position in shares of S&T Bancorp by 7.7% in the fourth quarter. Bank of Montreal Can now owns 7,550 shares of the financial services provider's stock worth $289,000 after purchasing an additional 540 shares during the period. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Price Performance

Shares of STBA traded up $0.18 during midday trading on Tuesday, hitting $37.34. The company's stock had a trading volume of 155,801 shares, compared to its average volume of 165,439. 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 one year low of $30.84 and a one year high of $45.79. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 10.76 and a beta of 0.90. The company's fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $37.75.

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. The business had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. S&T Bancorp had a return on equity of 9.71% and a net margin of 23.84%. As a group, equities analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, May 15th. S&T Bancorp's dividend payout ratio is 39.19%.

Analyst Ratings Changes

STBA has been the subject of several recent analyst reports. 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 for the company in a research report 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, May 24th.

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.