Hsbc Holdings PLC Buys 9,917 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Hsbc Holdings PLC grew its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 97.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,071 shares of the financial services provider's stock after purchasing an additional 9,917 shares during the period. Hsbc Holdings PLC owned 0.05% of S&T Bancorp worth $768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Versant Capital Management Inc grew its stake in S&T Bancorp by 48.6% during the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock worth $35,000 after buying an additional 303 shares during the last quarter. Sterling Capital Management LLC grew its position in S&T Bancorp by 824.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock worth $47,000 after purchasing an additional 1,088 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of S&T Bancorp by 67.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 502 shares during the period. KBC Group NV increased 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 valued at $89,000 after acquiring an additional 825 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in S&T Bancorp during the 4th quarter valued at $153,000. 65.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, 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 report on Monday, April 28th.

Insider Buying and Selling at S&T Bancorp

In other news, Director Bhaskar Ramachandran acquired 764 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost 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 of the company's stock, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.23% of the company's stock.

S&T Bancorp Stock Down 0.7 %

S&T Bancorp stock traded down $0.25 during trading hours on Friday, hitting $37.63. The company had a trading volume of 44,666 shares, compared to its average volume of 165,300. 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, Inc. has a fifty-two week low of $29.85 and a fifty-two week high of $45.79. The firm's fifty day moving average is $36.44 and its 200-day moving average is $38.73. The firm has a market capitalization of $1.44 billion, a P/E ratio of 11.04 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The firm had revenue of $93.75 million during the quarter, compared to analyst estimates of $96.40 million. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. On average, research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, May 15th. S&T Bancorp's dividend payout ratio is 39.19%.

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.