Tudor Investment Corp ET AL Takes Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Tudor Investment Corp ET AL acquired a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 47,068 shares of the financial services provider's stock, valued at approximately $1,799,000. Tudor Investment Corp ET AL owned approximately 0.12% of S&T Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in STBA. Versant Capital Management Inc raised its position 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. Sterling Capital Management LLC grew its stake in S&T Bancorp by 824.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 1,088 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of S&T Bancorp by 67.7% in the 4th 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 lifted its position in shares of S&T Bancorp by 55.0% in 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. Finally, CoreFirst Bank & Trust acquired a new stake in shares of S&T Bancorp during the fourth quarter worth approximately $153,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Bhaskar Ramachandran acquired 764 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $39.25 per share, with a total value of $29,987.00. Following the purchase, the director now owns 1,251 shares of the company's stock, valued at approximately $49,101.75. The trade was 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 accessible through the SEC website. 1.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th.

S&T Bancorp Stock Down 0.7 %

NASDAQ STBA traded down $0.25 on Friday, reaching $37.63. The stock had a trading volume of 78,039 shares, compared to its average volume of 165,842. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a 1 year low of $29.85 and a 1 year high of $45.79. The business has a 50 day moving average price of $36.41 and a 200 day moving average price of $38.73. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.04 and a beta of 0.86.

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 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. The business had revenue of $93.75 million during the quarter, compared to analysts' expectations of $96.40 million. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. On average, analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.34 per share. 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 (DPR) is 39.19%.

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.