S&T Bancorp, Inc. (NASDAQ:STBA) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of S&T Bancorp, Inc. (NASDAQ:STBAFree Report) by 17.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,508 shares of the financial services provider’s stock after purchasing an additional 835 shares during the period. Allspring Global Investments Holdings LLC’s holdings in S&T Bancorp were worth $149,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in S&T Bancorp by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 510,968 shares of the financial services provider’s stock worth $15,115,000 after acquiring an additional 1,900 shares in the last quarter. Citigroup Inc. lifted its position in shares of S&T Bancorp by 10.9% during the first quarter. Citigroup Inc. now owns 35,073 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 3,456 shares in the last quarter. Bank of Montreal Can lifted its holdings in S&T Bancorp by 89.3% during the 1st quarter. Bank of Montreal Can now owns 30,481 shares of the financial services provider’s stock worth $931,000 after buying an additional 14,381 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in S&T Bancorp by 49.6% during the 1st quarter. MetLife Investment Management LLC now owns 21,802 shares of the financial services provider’s stock worth $645,000 after buying an additional 7,227 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in S&T Bancorp by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,924 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 4,183 shares in the last quarter. 63.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th.

Read Our Latest Analysis on STBA

S&T Bancorp Stock Down 5.8 %

STBA stock opened at $33.34 on Thursday. The company’s 50 day moving average price is $32.06 and its 200 day moving average price is $29.62. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.91 and a beta of 0.78. S&T Bancorp, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $38.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98.

S&T Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, February 7th. S&T Bancorp’s dividend payout ratio is presently 35.29%.

S&T Bancorp Profile

(Free Report)

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 operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer.

See Also

Institutional Ownership by Quarter for S&T Bancorp (NASDAQ:STBA)

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