Private Wealth Advisors Inc. boosted its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,196 shares of the financial services provider’s stock after buying an additional 750 shares during the quarter. Private Wealth Advisors Inc. owned approximately 0.19% of S&T Bancorp worth $2,410,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in STBA. Ameritas Investment Partners Inc. acquired a new stake in S&T Bancorp in the 1st quarter valued at $100,000. Burt Wealth Advisors boosted its holdings in S&T Bancorp by 3.1% during the 2nd quarter. Burt Wealth Advisors now owns 3,323 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in S&T Bancorp by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 3,850 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 70 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of S&T Bancorp by 5.1% during the 1st quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 196 shares during the period. Finally, KBC Group NV bought a new stake in shares of S&T Bancorp during the 2nd quarter worth $161,000. 53.84% of the stock is owned by institutional investors.
Shares of S&T Bancorp, Inc. (STBA) traded up 0.52% on Friday, hitting $36.95. The stock had a trading volume of 68,957 shares. The firm has a 50-day moving average price of $36.13 and a 200-day moving average price of $35.49. S&T Bancorp, Inc. has a 52 week low of $25.85 and a 52 week high of $39.84. The stock has a market capitalization of $1.29 billion, a P/E ratio of 16.24 and a beta of 0.84.
S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. S&T Bancorp had a return on equity of 9.30% and a net margin of 26.52%. The company had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $71.98 million. During the same period last year, the firm earned $0.49 earnings per share. Equities analysts expect that S&T Bancorp, Inc. will post $2.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Tuesday, August 1st. S&T Bancorp’s dividend payout ratio (DPR) is currently 35.24%.
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In other S&T Bancorp news, Director Robert Edward Kane acquired 1,000 shares of the stock in a transaction on Monday, August 21st. The shares were bought at an average price of $35.10 per share, with a total value of $35,100.00. Following the acquisition, the director now owns 1,997 shares of the company’s stock, valued at $70,094.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas J. Sposito II sold 1,250 shares of S&T Bancorp stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $35.29, for a total value of $44,112.50. Following the completion of the sale, the insider now directly owns 25,488 shares in the company, valued at approximately $899,471.52. The disclosure for this sale can be found here. Insiders have sold 6,739 shares of company stock worth $239,098 in the last quarter. Insiders own 2.71% of the company’s stock.
A number of brokerages recently issued reports on STBA. BidaskClub upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.50 target price on shares of S&T Bancorp in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.83.
S&T Bancorp Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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