S&T Bancorp, Inc. (NASDAQ:STBA) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,895 shares of the financial services provider's stock after acquiring an additional 11,478 shares during the quarter. Millennium Management LLC owned approximately 0.09% of S&T Bancorp worth $1,257,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted 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 period. SG Americas Securities LLC acquired a new position in S&T Bancorp in the fourth quarter valued at $166,000. Janney Montgomery Scott LLC lifted its position in S&T Bancorp by 20.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,494 shares of the financial services provider's stock worth $516,000 after buying an additional 2,328 shares during the period. KBC Group NV boosted its stake in S&T Bancorp by 55.0% in the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider's stock worth $89,000 after buying an additional 825 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in S&T Bancorp by 18.8% in 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 buying an additional 4,374 shares during the last quarter. 65.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STBA. 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 for the company 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, May 24th.

S&T Bancorp Trading Up 2.3%

Shares of STBA stock traded up $0.85 on Friday, reaching $37.17. 155,776 shares of the stock were exchanged, compared to its average volume of 165,510. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.42 billion, a P/E ratio of 10.90 and a beta of 0.90. The firm has a 50 day moving average of $36.24 and a two-hundred day moving average of $38.33. S&T Bancorp, Inc. has a 1-year low of $29.85 and a 1-year high of $45.79.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 9.77% and a net margin of 23.24%. On average, research analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.36 annualized dividend and a yield of 3.66%. S&T Bancorp's payout ratio 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.