S&T Bancorp, Inc. (NASDAQ:STBA) Director David Krieger sold 1,201 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.78, for a total transaction of $50,177.78. Following the completion of the sale, the director now directly owns 18,045 shares of the company’s stock, valued at $753,920.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of S&T Bancorp, Inc. (STBA) opened at $38.61 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1,356.49, a price-to-earnings ratio of 16.64 and a beta of 0.87. S&T Bancorp, Inc. has a fifty-two week low of $31.72 and a fifty-two week high of $42.36.
S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. S&T Bancorp had a return on equity of 10.33% and a net margin of 32.00%. The business had revenue of $71.01 million for the quarter, compared to analyst estimates of $73.70 million. During the same quarter in the prior year, the firm posted $0.59 EPS. sell-side analysts anticipate that S&T Bancorp, Inc. will post 2.37 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.28%. S&T Bancorp’s dividend payout ratio is presently 37.77%.
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Several research firms have recently issued reports on STBA. BidaskClub lowered shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of S&T Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.50 target price on shares of S&T Bancorp in a research note on Thursday, August 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $36.50 price target on shares of S&T Bancorp in a research report on Thursday, October 19th. Finally, Boenning Scattergood restated a “hold” rating on shares of S&T Bancorp in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.33.
A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in shares of S&T Bancorp by 311.7% in the 1st quarter. Russell Investments Group Ltd. now owns 10,617 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 8,038 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of S&T Bancorp in the first quarter valued at about $404,000. Parametric Portfolio Associates LLC lifted its holdings in shares of S&T Bancorp by 4.6% in the first quarter. Parametric Portfolio Associates LLC now owns 50,929 shares of the financial services provider’s stock valued at $1,762,000 after purchasing an additional 2,242 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of S&T Bancorp in the first quarter valued at about $100,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of S&T Bancorp by 5.1% in the first quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 196 shares in the last quarter. 53.99% of the stock is owned by hedge funds and other institutional investors.
About S&T Bancorp
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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