Integrated Wealth Concepts LLC raised its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,718 shares of the financial services provider's stock after buying an additional 14,024 shares during the period. Integrated Wealth Concepts LLC owned 0.22% of S&T Bancorp worth $3,161,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in S&T Bancorp by 124.4% in the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock valued at $3,116,000 after acquiring an additional 41,148 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in S&T Bancorp by 25.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock valued at $578,000 after acquiring an additional 3,029 shares during the period. Principal Financial Group Inc. lifted its position in shares of S&T Bancorp by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider's stock worth $7,709,000 after acquiring an additional 7,027 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of S&T Bancorp by 18.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,690 shares of the financial services provider's stock valued at $1,065,000 after purchasing an additional 4,374 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider's stock valued at $57,067,000 after purchasing an additional 60,617 shares during the period. Hedge funds and other institutional investors own 65.22% of the company's stock.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods decreased 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.
Read Our Latest Stock Report on S&T Bancorp
Insider Buying and Selling
In related news, Director Bhaskar Ramachandran purchased 764 shares of the 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 transaction, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.23% of the stock is owned by insiders.
S&T Bancorp Trading Up 2.8 %
NASDAQ STBA traded up $1.04 during trading on Friday, hitting $37.66. 35,655 shares of the company's stock traded hands, compared to its average volume of 164,712. The stock has a fifty day moving average of $36.69 and a two-hundred day moving average of $38.85. S&T Bancorp, Inc. has a 12-month low of $29.85 and a 12-month high of $45.79. The firm has a market cap of $1.44 billion, a P/E ratio of 11.04 and a beta of 0.75. 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 announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $93.75 million for 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%. As a group, sell-side analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.
S&T Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.61%. S&T Bancorp's dividend payout ratio is 39.19%.
About S&T Bancorp
(
Free Report)
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.
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