Northern Trust Corp Purchases 86,317 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Northern Trust Corp raised its stake in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 21.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 483,413 shares of the financial services provider's stock after purchasing an additional 86,317 shares during the quarter. Northern Trust Corp owned 1.26% of S&T Bancorp worth $18,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its position in S&T Bancorp by 25.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 3,029 shares during the last quarter. Barclays PLC lifted its position in S&T Bancorp by 124.4% in the third quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock valued at $3,116,000 after purchasing an additional 41,148 shares during the last quarter. Principal Financial Group Inc. lifted its position in S&T Bancorp by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider's stock valued at $7,709,000 after purchasing an additional 7,027 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in S&T Bancorp by 4.2% in the fourth 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 last quarter. Institutional investors own 65.22% of the company's stock.

S&T Bancorp Trading Down 0.4%

Shares of S&T Bancorp stock traded down $0.16 during midday trading on Friday, reaching $38.40. 127,543 shares of the company's stock traded hands, compared to its average volume of 166,383. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.47 billion, a PE ratio of 11.26 and a beta of 0.86. The stock has a 50 day moving average of $36.42 and a 200-day moving average of $38.73. S&T Bancorp, Inc. has a 12 month low of $29.85 and a 12 month high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The company had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. As a group, equities analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.36 dividend on an annualized basis and a yield of 3.54%. S&T Bancorp's dividend payout ratio (DPR) is 39.19%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their target price on 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.

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.