Meeder Asset Management Inc. Acquires 474 Shares of S & T Bancorp Inc (NASDAQ:STBA)

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Meeder Asset Management Inc. grew its holdings in S & T Bancorp Inc (NASDAQ:STBA) by 60.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,258 shares of the financial services provider’s stock after purchasing an additional 474 shares during the period. Meeder Asset Management Inc.’s holdings in S & T Bancorp were worth $51,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STBA. Emerald Advisers LLC acquired a new position in S & T Bancorp during the 4th quarter worth about $67,000. Amundi Pioneer Asset Management Inc. acquired a new position in S & T Bancorp during the 1st quarter worth about $115,000. SG Americas Securities LLC acquired a new position in S & T Bancorp during the 4th quarter worth about $211,000. Lido Advisors LLC acquired a new position in S & T Bancorp during the 4th quarter worth about $217,000. Finally, Nisa Investment Advisors LLC lifted its holdings in S & T Bancorp by 14.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,483 shares of the financial services provider’s stock worth $221,000 after buying an additional 683 shares during the period. Institutional investors own 60.62% of the company’s stock.

STBA has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded S & T Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised S & T Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 18th.

STBA traded up $2.59 during midday trading on Thursday, reaching $28.49. 29,107 shares of the company were exchanged, compared to its average volume of 245,275. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. The company’s fifty day moving average price is $33.25 and its 200 day moving average price is $36.83. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.00 and a beta of 0.72. S & T Bancorp Inc has a one year low of $23.79 and a one year high of $41.53.

S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $79.64 million during the quarter, compared to analyst estimates of $79.18 million. S & T Bancorp had a return on equity of 10.43% and a net margin of 26.33%. As a group, sell-side analysts anticipate that S & T Bancorp Inc will post 2.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, February 12th. S & T Bancorp’s dividend payout ratio is presently 36.25%.

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.

Further Reading: How Important is Technical Analysis of Stocks

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Institutional Ownership by Quarter for S & T Bancorp (NASDAQ:STBA)

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