16,971 Shares in S&T Bancorp, Inc. (NASDAQ:STBA) Purchased by Franklin Resources Inc.

Franklin Resources Inc. acquired a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,971 shares of the financial services provider's stock, valued at approximately $649,000.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in S&T Bancorp by 48.6% during the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after buying an additional 303 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 502 shares during the last quarter. KBC Group NV grew its holdings in shares of S&T Bancorp by 55.0% during the fourth 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. CoreFirst Bank & Trust bought a new position in shares of S&T Bancorp in the fourth quarter worth approximately $153,000. Finally, SG Americas Securities LLC purchased a new stake in S&T Bancorp in the fourth quarter valued at approximately $166,000. Institutional investors own 65.22% of the company's stock.

Insiders Place Their Bets

In related news, Director Bhaskar Ramachandran acquired 764 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $39.25 per share, with a total value of $29,987.00. Following the completion of the purchase, the director now owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.23% of the stock is currently owned by insiders.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA traded up $1.28 during trading on Tuesday, reaching $35.74. The company had a trading volume of 122,283 shares, compared to its average volume of 164,898. S&T Bancorp, Inc. has a 12 month low of $29.85 and a 12 month high of $45.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.37 billion, a P/E ratio of 10.48 and a beta of 0.75. The company has a fifty day moving average of $37.17 and a two-hundred day moving average of $39.00.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Equities research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp's payout ratio is presently 39.88%.

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.