S&T Bancorp, Inc. (NASDAQ:STBA) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,616,780 shares of the financial services provider’s stock after purchasing an additional 160,453 shares during the quarter. Vanguard Group Inc. owned 0.12% of S&T Bancorp worth $176,453,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider’s stock valued at $57,067,000 after purchasing an additional 60,617 shares during the period. Geode Capital Management LLC raised its holdings in shares of S&T Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock valued at $38,850,000 after buying an additional 10,603 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of S&T Bancorp by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock worth $7,709,000 after buying an additional 7,027 shares during the period. Empowered Funds LLC increased its position in S&T Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,854 shares of the financial services provider’s stock valued at $5,231,000 after acquiring an additional 6,620 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $3,297,000. Institutional investors own 65.22% of the company’s stock.

Insider Activity

In other news, Director Bhaskar Ramachandran bought 764 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $39.25 per share, with a total value of $29,987.00. Following the completion of the purchase, the director now directly owns 1,251 shares of the company’s stock, valued at $49,101.75. This represents a 156.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.38% of the company’s stock.

S&T Bancorp Trading Down 2.8 %

Shares of STBA stock opened at $33.79 on Monday. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The firm has a market capitalization of $1.29 billion, a PE ratio of 9.91 and a beta of 0.75. The stock has a fifty day moving average of $38.67 and a two-hundred day moving average of $39.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. As a group, research analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp’s dividend payout ratio (DPR) is presently 39.88%.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.