Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 9,414 S&T Bancorp, Inc. (NASDAQ:STBA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of approximately $349,000 in S&T Bancorp, acquiring 9,414 shares of the company.
• S&T Bancorp reported an earnings per share (EPS) of $0.83 in its latest quarter, exceeding analysts' expectations of $0.80.
• The company announced a $0.34 quarterly dividend, which will be paid on August 28th, representing an annualized yield of 3.8%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,414 shares of the financial services provider's stock, valued at approximately $349,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its stake in S&T Bancorp by 824.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,088 shares during the last quarter. GAMMA Investing LLC lifted 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 valued at $65,000 after acquiring an additional 520 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in S&T Bancorp by 7.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,187 shares of the financial services provider's stock valued at $192,000 after acquiring an additional 367 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in S&T Bancorp during the fourth quarter worth about $230,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of S&T Bancorp during the 4th quarter worth about $233,000. 65.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler started coverage on shares of S&T Bancorp in a research note on Friday, July 18th. They set a "neutral" rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods reduced 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 raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Hovde Group assumed coverage on shares of S&T Bancorp in a research note on Friday, June 27th. They set a "market perform" rating and a $41.00 price objective for the company.

S&T Bancorp Price Performance

Shares of NASDAQ STBA traded up $0.03 during trading on Thursday, hitting $36.32. The company had a trading volume of 39,392 shares, compared to its average volume of 158,153. S&T Bancorp, Inc. has a 52 week low of $30.84 and a 52 week high of $45.46. The business's 50-day moving average is $37.71 and its 200 day moving average is $37.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1.39 billion, a P/E ratio of 10.62 and a beta of 0.93.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $100.07 million for the quarter, compared to the consensus estimate of $99.30 million. S&T Bancorp had a net margin of 23.39% and a return on equity of 9.32%. Equities research analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, August 14th. S&T Bancorp's dividend payout ratio (DPR) is presently 39.88%.

About S&T Bancorp

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.