Assenagon Asset Management S.A. Takes Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Assenagon Asset Management S.A. purchased a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 86,257 shares of the financial services provider’s stock, valued at approximately $3,297,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of S&T Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock worth $38,850,000 after purchasing an additional 10,603 shares during the period. Barclays PLC increased its holdings in S&T Bancorp by 124.4% during the third quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock worth $3,116,000 after buying an additional 41,148 shares during the last quarter. Jane Street Group LLC raised its position in S&T Bancorp by 35.2% in the third quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider’s stock worth $1,814,000 after acquiring an additional 11,252 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in S&T Bancorp in the third quarter valued at about $295,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of S&T Bancorp during the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Insider Activity at S&T Bancorp

In related news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction that occurred 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 directly owns 23,143 shares in the company, valued at approximately $1,000,009.03. The trade was a 17.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.38% of the stock is currently owned by company insiders.

S&T Bancorp Stock Up 0.5 %

Shares of NASDAQ STBA opened at $37.56 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1.44 billion, a PE ratio of 10.70 and a beta of 0.84. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79. The business’s fifty day moving average price is $40.38 and its 200-day moving average price is $40.50.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 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.