Tudor Investment Corp ET AL Makes New $1.80 Million Investment in S&T Bancorp, Inc. (NASDAQ:STBA)

Tudor Investment Corp ET AL purchased a new position in S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 47,068 shares of the financial services provider's stock, valued at approximately $1,799,000. Tudor Investment Corp ET AL owned about 0.12% of S&T Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in S&T Bancorp in the 4th quarter valued at $246,000. Integrated Wealth Concepts LLC lifted its stake in shares of S&T Bancorp by 20.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 82,718 shares of the financial services provider's stock worth $3,161,000 after purchasing an additional 14,024 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in S&T Bancorp by 8.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,542 shares of the financial services provider's stock worth $1,359,000 after acquiring an additional 2,672 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of S&T Bancorp in the fourth quarter valued at $230,000. Finally, Hsbc Holdings PLC boosted its position in S&T Bancorp by 97.7% in the 4th quarter. Hsbc Holdings PLC now owns 20,071 shares of the financial services provider's stock valued at $768,000 after buying an additional 9,917 shares during the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

S&T Bancorp Stock Performance

STBA traded up $0.80 on Thursday, hitting $37.91. 126,522 shares of the company's stock were exchanged, compared to its average volume of 165,651. The firm has a market cap of $1.45 billion, a PE ratio of 11.12 and a beta of 0.86. S&T Bancorp, Inc. has a twelve month low of $29.85 and a twelve month high of $45.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $36.49 and a two-hundred day moving average of $38.74.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. The business 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%. On average, research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.59%. S&T Bancorp's dividend payout ratio is presently 39.19%.

Insider Activity

In other news, Director Bhaskar Ramachandran bought 764 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the acquisition, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This represents a 156.88 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.23% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price target on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating for the company in a research 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.