UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in S&T Bancorp, Inc. (NASDAQ:STBA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,164 shares of the financial services provider’s stock after purchasing an additional 4,133 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of S&T Bancorp worth $3,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 819 shares in the last quarter. GAMMA Investing LLC raised its position in shares of S&T Bancorp by 80.8% in the third quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after buying an additional 526 shares in the last quarter. Innealta Capital LLC bought a new stake in S&T Bancorp during the second quarter valued at $53,000. Denali Advisors LLC purchased a new position in S&T Bancorp during the second quarter worth about $200,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in S&T Bancorp in the 3rd quarter worth about $204,000. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $42.43 on Friday. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.09 and a beta of 0.83. The company’s fifty day moving average price is $41.19 and its 200-day moving average price is $39.13.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. S&T Bancorp had a return on equity of 10.25% and a net margin of 23.69%. The business had revenue of $96.35 million for the quarter, compared to the consensus estimate of $98.90 million. On average, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.36 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.34 dividend. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 3.21%. S&T Bancorp’s payout ratio is presently 38.75%.

Insiders Place Their Bets

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the transaction, the director now owns 23,143 shares in the company, valued at approximately $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

About S&T Bancorp

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.