Bare Financial Services Inc Buys Shares of 4,341 S&T Bancorp, Inc. (NASDAQ:STBA)

Bare Financial Services Inc bought a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,341 shares of the financial services provider’s stock, valued at approximately $145,000. S&T Bancorp comprises about 0.3% of Bare Financial Services Inc’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its position in shares of S&T Bancorp by 289.7% during the third quarter. SG Americas Securities LLC now owns 23,922 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 17,784 shares during the last quarter. Brookstone Capital Management grew its position in shares of S&T Bancorp by 3.6% during the third quarter. Brookstone Capital Management now owns 54,942 shares of the financial services provider’s stock worth $1,435,000 after acquiring an additional 1,929 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of S&T Bancorp by 6.0% during the third quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 512 shares during the last quarter. Waldron Private Wealth LLC grew its position in shares of 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 acquiring an additional 125,042 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of S&T Bancorp by 6.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,310 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 1,212 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

Wall Street Analyst Weigh In

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

S&T Bancorp Price Performance

STBA traded up $0.64 on Thursday, reaching $31.53. The company had a trading volume of 149,640 shares, compared to its average volume of 173,389. The company has a fifty day moving average of $30.84 and a 200-day moving average of $30.63. The company has a market capitalization of $1.21 billion, a P/E ratio of 8.85 and a beta of 0.78. 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, Inc. has a one year low of $24.51 and a one year high of $36.28.

S&T Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a $0.33 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.32 dividend on an annualized basis and a yield of 4.19%. S&T Bancorp’s dividend payout ratio is presently 37.39%.

S&T Bancorp Company 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.