McIlrath & Eck LLC purchased a new position in shares of S & T Bancorp Inc (NASDAQ:STBA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,182 shares of the financial services provider’s stock, valued at approximately $43,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STBA. First Trust Advisors LP grew its position in S & T Bancorp by 12.5% during the 1st quarter. First Trust Advisors LP now owns 86,468 shares of the financial services provider’s stock worth $3,418,000 after acquiring an additional 9,587 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in S & T Bancorp during the 1st quarter worth $115,000. Denali Advisors LLC lifted its holdings in S & T Bancorp by 220.3% during the 2nd quarter. Denali Advisors LLC now owns 13,800 shares of the financial services provider’s stock worth $517,000 after buying an additional 9,491 shares in the last quarter. Huntington National Bank lifted its holdings in S & T Bancorp by 18.3% during the 2nd quarter. Huntington National Bank now owns 1,883 shares of the financial services provider’s stock worth $71,000 after buying an additional 291 shares in the last quarter. Finally, Janney Capital Management LLC acquired a new position in S & T Bancorp during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 60.93% of the company’s stock.
Shares of STBA stock traded down $0.14 during trading hours on Friday, reaching $38.28. The company had a trading volume of 49,400 shares, compared to its average volume of 106,531. S & T Bancorp Inc has a 1-year low of $33.30 and a 1-year high of $42.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.72 and a beta of 0.64. The company has a 50 day moving average of $36.73 and a 200 day moving average of $37.16.
S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. S & T Bancorp had a return on equity of 10.75% and a net margin of 28.32%. The business had revenue of $74.26 million during the quarter, compared to analysts’ expectations of $73.81 million. As a group, sell-side analysts forecast that S & T Bancorp Inc will post 2.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.93%. This is a boost from S & T Bancorp’s previous quarterly dividend of $0.27. S & T Bancorp’s dividend payout ratio (DPR) is presently 37.21%.
Several research analysts have issued reports on STBA shares. ValuEngine raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Zacks Investment Research raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.
About S & T Bancorp
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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