American Century Companies Inc. Cuts Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

American Century Companies Inc. lowered its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 714,520 shares of the financial services provider’s stock after selling 592 shares during the quarter. American Century Companies Inc.’s holdings in S&T Bancorp were worth $27,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in S&T Bancorp by 1.2% in 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 acquiring an additional 10,603 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of S&T Bancorp by 25.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider’s stock worth $578,000 after purchasing an additional 3,029 shares in the last quarter. Barclays PLC increased its position in shares of S&T Bancorp by 124.4% during the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock valued at $3,116,000 after purchasing an additional 41,148 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of S&T Bancorp by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock valued at $7,709,000 after buying an additional 7,027 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in S&T Bancorp by 35.2% in the 3rd quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider’s stock worth $1,814,000 after buying an additional 11,252 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Bhaskar Ramachandran acquired 764 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased 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 owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.38% of the stock is owned by corporate insiders.

S&T Bancorp Stock Down 1.7 %

Shares of STBA opened at $37.17 on Friday. The firm has a market cap of $1.42 billion, a P/E ratio of 10.90 and a beta of 0.80. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The stock has a 50 day simple moving average of $38.80 and a two-hundred day simple moving average of $39.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) 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%. On average, analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp’s dividend payout ratio 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.