Stonebridge Financial Group LLC Purchases Shares of 24,656 S&T Bancorp, Inc. (NASDAQ:STBA)

Stonebridge Financial Group LLC purchased a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,656 shares of the financial services provider’s stock, valued at approximately $942,000. Stonebridge Financial Group LLC owned approximately 0.06% of S&T Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STBA. The Manufacturers Life Insurance Company raised its stake in shares of S&T Bancorp by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider’s stock worth $649,000 after buying an additional 498 shares during the period. GAMMA Investing LLC increased its position in shares of S&T Bancorp by 80.8% during the third quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares in the last quarter. Sapient Capital LLC acquired a new position in S&T Bancorp in the 3rd quarter valued at $223,000. International Assets Investment Management LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 819 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in S&T Bancorp by 2.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total value of $215,272.22. Following the completion of the transaction, the director now owns 23,143 shares in the company, valued at $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.38% of the stock is owned by insiders.

S&T Bancorp Trading Down 1.0 %

Shares of STBA stock opened at $40.03 on Tuesday. S&T Bancorp, Inc. has a twelve month low of $28.83 and a twelve month high of $45.79. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 11.74 and a beta of 0.84. The company’s 50-day moving average price is $39.25 and its 200-day moving average price is $40.61. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07.

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, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. As a group, equities analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a $0.34 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.40%. 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.