First Trust Advisors LP Has $3.77 Million Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

First Trust Advisors LP lowered its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,525 shares of the financial services provider’s stock after selling 38,645 shares during the quarter. First Trust Advisors LP owned approximately 0.26% of S&T Bancorp worth $3,766,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STBA. CANADA LIFE ASSURANCE Co lifted its stake in S&T Bancorp by 0.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 39,655 shares of the financial services provider’s stock valued at $1,512,000 after purchasing an additional 254 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 303 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 valued at $5,781,000 after acquiring an additional 410 shares in the last quarter. Smartleaf Asset Management LLC grew its position in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 502 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings 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 worth $289,000 after purchasing an additional 540 shares in the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran purchased 764 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the acquisition, the director now owns 1,251 shares of the company’s stock, valued at $49,101.75. The trade was a 156.88 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price target on S&T Bancorp from $44.00 to $43.00 and set a “market perform” rating on the stock in a report on Monday, April 28th.

S&T Bancorp Stock Performance

Shares of S&T Bancorp stock opened at $37.41 on Friday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 10.97 and a beta of 0.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a twelve month low of $29.85 and a twelve month high of $45.79. The company’s fifty day moving average is $36.65 and its 200 day moving average is $38.81.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. The business had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 15th. S&T Bancorp’s payout ratio is 39.19%.

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.