S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 46.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,414 shares of the financial services provider’s stock after selling 11,600 shares during the quarter. New York State Common Retirement Fund’s holdings in S&T Bancorp were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STBA. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $35,000 after acquiring an additional 819 shares during the last quarter. Versant Capital Management Inc raised its position in S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 303 shares during the period. KBC Group NV lifted its stake in S&T Bancorp by 55.0% during the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 825 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of S&T Bancorp during the fourth quarter worth $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of S&T Bancorp in the third quarter valued at $204,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Price Performance

STBA opened at $39.19 on Wednesday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 11.49 and a beta of 0.84. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $38.66 and its 200 day moving average price is $40.42. S&T Bancorp, Inc. has a 12-month low of $28.83 and a 12-month high of $45.79.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, beating 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%. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s payout ratio is currently 39.88%.

Insider Activity at S&T Bancorp

In other news, Director Bhaskar Ramachandran purchased 764 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $39.25 per share, for a total transaction 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. The trade was a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.38% of the stock is currently owned by company insiders.

S&T Bancorp 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.