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

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

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in S&T Bancorp by 124.4% in 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 in the last quarter. SG Americas Securities LLC purchased a new stake in S&T Bancorp in the 4th quarter worth approximately $166,000. Janney Montgomery Scott LLC boosted its position in S&T Bancorp by 20.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,494 shares of the financial services provider's stock worth $516,000 after purchasing an additional 2,328 shares in the last quarter. KBC Group NV boosted its position 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 purchasing an additional 825 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position 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 purchasing an additional 4,374 shares in the last quarter. Hedge funds and other institutional investors own 65.22% of the company's stock.

S&T Bancorp Price Performance

Shares of STBA stock traded up $0.85 during trading hours on Friday, hitting $37.17. 155,776 shares of the company's stock were exchanged, compared to its average volume of 166,238. 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 firm 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 $38.24. S&T Bancorp, Inc. has a fifty-two week low of $29.85 and a fifty-two week high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share 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 return on equity of 9.77% and a net margin of 23.24%. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Thursday, May 15th. S&T Bancorp's payout ratio is 39.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on STBA shares. Keefe, Bruyette & Woods lowered their price objective on 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. Wall Street Zen lowered S&T Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

S&T Bancorp Company 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.