Voya Investment Management LLC Purchases 14,431 Shares of S&T Bancorp, Inc. $STBA

Key Points

• Voya Investment Management LLC increased its stake in S&T Bancorp by 41.0%, acquiring an additional 14,431 shares and now holds approximately 0.13% of the company worth $1,840,000.
• S&T Bancorp reported an EPS of $0.83 for the last quarter, exceeding estimates, with revenues of $100.07 million and an anticipated 3.05 EPS for the current fiscal year.
• The company declared a quarterly dividend of $0.34 per share, translating to an annualized yield of 3.5% and a payout ratio of 39.88%.

Voya Investment Management LLC lifted its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 41.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,656 shares of the financial services provider's stock after buying an additional 14,431 shares during the period. Voya Investment Management LLC owned about 0.13% of S&T Bancorp worth $1,840,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of S&T Bancorp in the first quarter valued at approximately $13,151,000. Jane Street Group LLC acquired a new position in S&T Bancorp in the 1st quarter valued at $4,211,000. Charles Schwab Investment Management Inc. raised its holdings in S&T Bancorp by 5.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,574,596 shares of the financial services provider's stock valued at $58,339,000 after acquiring an additional 81,469 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of S&T Bancorp in the 1st quarter valued at $2,503,000. Finally, GAMMA Investing LLC increased its stake in shares of S&T Bancorp by 5,156.2% in the 1st quarter. GAMMA Investing LLC now owns 65,282 shares of the financial services provider's stock valued at $2,419,000 after purchasing an additional 64,040 shares during the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Hovde Group assumed coverage on S&T Bancorp in a research report on Friday, June 27th. They set a "market perform" rating and a $41.00 price objective on the stock. Wall Street Zen raised S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Piper Sandler began coverage on S&T Bancorp in a research note on Friday, July 18th. They set a "neutral" rating and a $42.00 price target on the stock. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, S&T Bancorp presently has a consensus rating of "Hold" and a consensus price target of $42.00.

S&T Bancorp Price Performance

STBA traded down $0.61 during trading on Monday, reaching $38.67. The stock had a trading volume of 125,889 shares, compared to its average volume of 129,518. The business has a 50-day moving average of $38.28 and a 200-day moving average of $37.43. S&T Bancorp, Inc. has a one year low of $30.84 and a one year high of $45.46. The stock has a market cap of $1.48 billion, a PE ratio of 11.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. The company had revenue of $100.07 million during the quarter, compared to analyst estimates of $99.30 million. S&T Bancorp had a net margin of 23.39% and a return on equity of 9.32%. As a group, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was 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.