Graham Capital Management L.P. Takes Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Graham Capital Management L.P. bought a new stake in S&T Bancorp, Inc. (NASDAQ:STBA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,357 shares of the financial services provider’s stock, valued at approximately $472,000.

Several other institutional investors also recently modified their holdings of the business. Deutsche Bank AG grew its holdings in shares of S&T Bancorp by 52.7% in the fourth quarter. Deutsche Bank AG now owns 34,118 shares of the financial services provider’s stock valued at $1,304,000 after acquiring an additional 11,776 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of S&T Bancorp by 2.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 286,455 shares of the financial services provider’s stock valued at $10,948,000 after acquiring an additional 6,620 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of S&T Bancorp by 25.5% in the fourth quarter. Citadel Advisors LLC now owns 23,700 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 4,809 shares in the last quarter. Northern Trust Corp grew its holdings in shares of S&T Bancorp by 21.7% in the fourth quarter. Northern Trust Corp now owns 483,413 shares of the financial services provider’s stock valued at $18,476,000 after acquiring an additional 86,317 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in S&T Bancorp in the fourth quarter valued at approximately $1,799,000. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Price Performance

S&T Bancorp stock opened at $38.56 on Friday. S&T Bancorp, Inc. has a 12 month low of $29.85 and a 12 month high of $45.79. 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 business’s 50 day simple moving average is $36.42 and its 200 day simple moving average is $38.73. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 11.31 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. The business had revenue of $93.75 million for 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, May 15th. S&T Bancorp’s payout ratio is currently 39.19%.

Analysts Set New Price Targets

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

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.