Bailard Inc. Acquires Shares of 5,402 S&T Bancorp, Inc. (NASDAQ:STBA)

Bailard Inc. bought a new position in S&T Bancorp, Inc. (NASDAQ:STBA) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,402 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 819 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 303 shares in the last quarter. Smartleaf Asset Management LLC increased its position in S&T Bancorp by 67.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 502 shares during the last quarter. KBC Group NV raised its stake in S&T Bancorp by 55.0% during the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 825 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in S&T Bancorp during the fourth quarter valued at $166,000. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bhaskar Ramachandran bought 764 shares of S&T Bancorp stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $39.25 per share, with a total value of $29,987.00. Following the completion of the purchase, the director now owns 1,251 shares in the company, valued at $49,101.75. The trade was a 156.88 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.38% of the stock is owned by corporate insiders.

S&T Bancorp Stock Performance

Shares of NASDAQ:STBA opened at $38.82 on Thursday. The firm has a fifty day simple moving average of $38.65 and a two-hundred day simple moving average of $40.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.49 billion, a P/E ratio of 11.38 and a beta of 0.84. S&T Bancorp, Inc. has a 52 week low of $28.83 and a 52 week high of $45.79.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. On average, analysts expect 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 declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.50%. S&T Bancorp’s payout ratio is presently 39.88%.

S&T Bancorp Company Profile

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.