Bailard Inc. Acquires Shares of 23,496 S&T Bancorp, Inc. (NASDAQ:STBA)

Bailard Inc. acquired a new stake in S&T Bancorp, Inc. (NASDAQ:STBA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,496 shares of the financial services provider’s stock, valued at approximately $785,000. Bailard Inc. owned 0.06% of S&T Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of S&T Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,059,825 shares of the financial services provider’s stock valued at $28,700,000 after acquiring an additional 31,665 shares in the last quarter. Boston Partners boosted its holdings in shares of S&T Bancorp by 10.2% in the third quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock valued at $11,156,000 after acquiring an additional 38,443 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of S&T Bancorp by 212.9% in the third quarter. Panagora Asset Management Inc. now owns 233,698 shares of the financial services provider’s stock valued at $6,329,000 after acquiring an additional 159,019 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of S&T Bancorp by 54.4% in the third quarter. American Century Companies Inc. now owns 185,495 shares of the financial services provider’s stock valued at $5,023,000 after acquiring an additional 65,375 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in S&T Bancorp by 581.2% during the third quarter. Waldron Private Wealth LLC now owns 146,558 shares of the financial services provider’s stock worth $3,968,000 after buying an additional 125,042 shares in the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd.

S&T Bancorp Stock Down 0.1 %

STBA stock opened at $30.98 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of 8.78 and a beta of 0.77. S&T Bancorp, Inc. has a 52 week low of $24.51 and a 52 week high of $36.28. The company’s 50-day moving average price is $30.90 and its 200 day moving average price is $30.55. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The company had revenue of $103.17 million for the quarter, compared to the consensus estimate of $100.10 million. On average, research analysts expect that S&T Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Wednesday, May 8th. S&T Bancorp’s dividend payout ratio (DPR) is presently 37.39%.

S&T Bancorp Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.