Dimensional Fund Advisors LP lowered its position in S & T Bancorp Inc (NASDAQ:STBA) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,879,087 shares of the financial services provider’s stock after selling 10,453 shares during the quarter. Dimensional Fund Advisors LP owned about 5.37% of S & T Bancorp worth $71,105,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Huntington National Bank acquired a new stake in shares of S & T Bancorp during the fourth quarter worth about $57,000. Fort Pitt Capital Group LLC acquired a new stake in S & T Bancorp in the fourth quarter valued at approximately $311,000. Piedmont Investment Advisors Inc. raised its holdings in S & T Bancorp by 3.3% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,321 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 267 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in S & T Bancorp by 10.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,508 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 883 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in S & T Bancorp by 60.3% in the third quarter. Renaissance Technologies LLC now owns 10,100 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 3,800 shares in the last quarter. 60.27% of the stock is owned by institutional investors.
In other S & T Bancorp news, CEO Todd D. Brice bought 2,036 shares of S & T Bancorp stock in a transaction on Monday, June 10th. The stock was bought at an average price of $37.31 per share, with a total value of $75,963.16. Following the completion of the acquisition, the chief executive officer now owns 91,520 shares in the company, valued at $3,414,611.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.
Shares of STBA traded down $0.16 during mid-day trading on Friday, reaching $37.58. 106,268 shares of the company’s stock were exchanged, compared to its average volume of 94,963. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.30 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.30 and a beta of 0.70. S & T Bancorp Inc has a 52-week low of $35.16 and a 52-week high of $47.77.
S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). S & T Bancorp had a return on equity of 11.02% and a net margin of 29.41%. The business had revenue of $71.72 million for the quarter, compared to analysts’ expectations of $72.39 million. As a group, equities research analysts forecast that S & T Bancorp Inc will post 2.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, May 1st. S & T Bancorp’s dividend payout ratio (DPR) is currently 35.88%.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a report on Monday, April 22nd. Finally, BidaskClub raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.00.
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S & T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
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