Legal & General Group Plc Trims Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Legal & General Group Plc cut its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,552 shares of the financial services provider’s stock after selling 6,950 shares during the quarter. Legal & General Group Plc owned about 0.28% of S&T Bancorp worth $4,111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in STBA. Bank of Montreal Can increased its position in S&T Bancorp by 7.7% in the 4th quarter. Bank of Montreal Can now owns 7,550 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 540 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in shares of S&T Bancorp by 89.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 13,280 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 6,255 shares during the period. Wells Fargo & Company MN raised its position in S&T Bancorp by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider’s stock worth $5,781,000 after buying an additional 410 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in S&T Bancorp during the fourth quarter worth about $244,000. Finally, Franklin Resources Inc. purchased a new position in shares of S&T Bancorp during the 4th quarter worth approximately $649,000. 65.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Bhaskar Ramachandran acquired 764 shares of S&T Bancorp stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $39.25 per share, with a total value of $29,987.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.23% of the company’s stock.

S&T Bancorp Stock Down 0.7 %

S&T Bancorp stock opened at $34.46 on Tuesday. The stock’s 50 day moving average price is $37.25 and its 200 day moving average price is $39.02. S&T Bancorp, Inc. has a 1-year low of $29.85 and a 1-year high of $45.79. The company has a market cap of $1.32 billion, a PE ratio of 10.11 and a beta of 0.75. 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 issued its earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.95%. S&T Bancorp’s dividend payout ratio (DPR) is presently 39.88%.

S&T Bancorp Company Profile

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.