UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.73 Million Stake in S&T Bancorp, Inc. (NASDAQ:STBA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,551 shares of the financial services provider's stock after purchasing an additional 22,387 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of S&T Bancorp worth $3,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STBA. Rafferty Asset Management LLC lifted its holdings in S&T Bancorp by 25.4% in the 4th quarter. Rafferty Asset Management LLC now owns 34,078 shares of the financial services provider's stock worth $1,302,000 after purchasing an additional 6,896 shares during the last quarter. ProShare Advisors LLC grew its stake in S&T Bancorp by 8.0% in the 4th quarter. ProShare Advisors LLC now owns 190,774 shares of the financial services provider's stock valued at $7,291,000 after buying an additional 14,107 shares during the last quarter. Nuveen Asset Management LLC grew its stake in S&T Bancorp by 1.6% in the 4th quarter. Nuveen Asset Management LLC now owns 145,257 shares of the financial services provider's stock valued at $5,552,000 after buying an additional 2,252 shares during the last quarter. Millennium Management LLC raised its holdings in S&T Bancorp by 53.6% in the 4th quarter. Millennium Management LLC now owns 32,895 shares of the financial services provider's stock worth $1,257,000 after acquiring an additional 11,478 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in S&T Bancorp by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,670 shares of the financial services provider's stock worth $828,000 after acquiring an additional 792 shares during the last quarter. Institutional investors own 65.22% of the company's stock.

S&T Bancorp Stock Performance

STBA stock traded up $0.85 on Friday, reaching $37.17. 155,776 shares of the company were exchanged, compared to its average volume of 166,238. S&T Bancorp, Inc. has a 12 month low of $29.85 and a 12 month high of $45.79. The stock's fifty day moving average price is $36.24 and its 200 day moving average price is $38.24. The firm has a market capitalization of $1.42 billion, a PE ratio of 10.90 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99.

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, topping the consensus estimate of $0.74 by $0.13. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. The company had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. On average, research analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently announced 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 3.66%. The ex-dividend date was Thursday, May 15th. S&T Bancorp's dividend payout ratio (DPR) is presently 39.19%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on STBA shares. Keefe, Bruyette & Woods lowered their price target 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 downgraded S&T Bancorp from a "hold" rating to a "sell" rating in a research note 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.