American Century Companies Inc. Increases Stock Position in S&T Bancorp, Inc. (NASDAQ:STBA)

American Century Companies Inc. boosted its position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 54.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 185,495 shares of the financial services provider's stock after purchasing an additional 65,375 shares during the period. American Century Companies Inc. owned about 0.49% of S&T Bancorp worth $5,023,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of STBA. Lazard Asset Management LLC acquired a new position in shares of S&T Bancorp in the fourth quarter valued at approximately $29,000. Point72 Middle East FZE acquired a new stake in S&T Bancorp in the 4th quarter worth about $39,000. Qube Research & Technologies Ltd bought a new stake in S&T Bancorp in the 3rd quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its holdings in S&T Bancorp by 122.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,907 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 1,051 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of S&T Bancorp during the 1st quarter worth approximately $76,000. Institutional investors own 65.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Monday.

S&T Bancorp Price Performance

STBA traded up $0.32 on Thursday, hitting $32.08. 250,493 shares of the stock were exchanged, compared to its average volume of 182,880. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 8.58 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. S&T Bancorp, Inc. has a 12 month low of $24.51 and a 12 month high of $36.28. The business has a 50-day moving average of $31.87 and a two-hundred day moving average of $30.04.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $103.17 million for the quarter, compared to analyst estimates of $100.10 million. S&T Bancorp had a return on equity of 11.70% and a net margin of 27.03%. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3.01 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, February 7th. S&T Bancorp's dividend payout ratio (DPR) is 35.29%.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.