Royce & Associates LP Decreases Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Royce & Associates LP lowered its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,780 shares of the financial services provider’s stock after selling 13,770 shares during the quarter. Royce & Associates LP owned approximately 0.11% of S&T Bancorp worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of STBA. SG Americas Securities LLC bought a new stake in shares of S&T Bancorp in the 1st quarter worth approximately $152,000. State Board of Administration of Florida Retirement System lifted its stake in S&T Bancorp by 119.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,336 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 13,230 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in S&T Bancorp by 7.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 34,502 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 2,317 shares during the period. EntryPoint Capital LLC grew its stake in shares of S&T Bancorp by 188.0% during the first quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock valued at $92,000 after buying an additional 1,863 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of S&T Bancorp by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,326 shares of the financial services provider’s stock worth $1,455,000 after buying an additional 1,475 shares during the period. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Stock Down 0.3 %

Shares of NASDAQ STBA opened at $42.02 on Wednesday. The firm’s fifty day moving average is $40.81 and its 200 day moving average is $37.88. S&T Bancorp, Inc. has a 52 week low of $27.43 and a 52 week high of $45.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 11.97 and a beta of 0.80.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $96.35 million for the quarter, compared to analysts’ expectations of $98.90 million. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. On average, equities research analysts expect that S&T Bancorp, Inc. will post 3.36 earnings per share for the current year.

S&T Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a $0.34 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.36 annualized dividend and a yield of 3.24%. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.33. S&T Bancorp’s dividend payout ratio (DPR) is 38.75%.

Insider Transactions at S&T Bancorp

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the sale, the director now owns 23,143 shares of the company’s stock, valued at approximately $1,000,009.03. The trade was a 17.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.