S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,319 shares of the financial services provider’s stock after selling 7,461 shares during the period. Royce & Associates LP owned 0.09% of S&T Bancorp worth $1,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of S&T Bancorp by 2.3% in the third quarter. Stifel Financial Corp now owns 13,646 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 303 shares during the last quarter. Versant Capital Management Inc raised its stake 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 worth $35,000 after purchasing an additional 303 shares during the period. Smartleaf Asset Management LLC boosted 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 last quarter. Swiss National Bank grew its stake in shares of S&T Bancorp by 0.8% during the 4th quarter. Swiss National Bank now owns 75,200 shares of the financial services provider’s stock valued at $2,874,000 after buying an additional 600 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of S&T Bancorp by 6.8% during the 4th quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider’s stock worth $401,000 after buying an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Insider Activity at S&T Bancorp

In related news, Director Bhaskar Ramachandran bought 764 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now 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 can be accessed through this link. Company insiders own 1.38% of the company’s stock.

S&T Bancorp Price Performance

Shares of S&T Bancorp stock opened at $37.24 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 10.92 and a beta of 0.80. 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 business’s fifty day moving average price is $38.69 and its 200 day moving average price is $40.11. S&T Bancorp, Inc. has a twelve month low of $28.83 and a twelve month high of $45.79.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s dividend 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.