7,500 Shares in S&T Bancorp, Inc. (NASDAQ:STBA) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) in the second quarter, Holdings Channel reports. The firm purchased 7,500 shares of the financial services provider’s stock, valued at approximately $250,000.

Several other institutional investors have also recently bought and sold shares of STBA. Dimensional Fund Advisors LP raised its holdings in shares of S&T Bancorp by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock worth $80,064,000 after acquiring an additional 32,935 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of S&T Bancorp by 23.8% in the second quarter. Envestnet Asset Management Inc. now owns 161,151 shares of the financial services provider’s stock worth $5,381,000 after purchasing an additional 30,945 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of S&T Bancorp by 4.2% in the second quarter. HBK Sorce Advisory LLC now owns 14,557 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 584 shares in the last quarter. American Century Companies Inc. boosted its position in shares of S&T Bancorp by 29.0% during the second quarter. American Century Companies Inc. now owns 591,829 shares of the financial services provider’s stock valued at $19,761,000 after buying an additional 133,108 shares during the last quarter. Finally, Allegheny Financial Group LTD bought a new stake in S&T Bancorp during the second quarter worth $207,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

Analyst Ratings Changes

STBA has been the subject of several recent analyst reports. StockNews.com lowered S&T Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. DA Davidson raised their price target on shares of S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th.

S&T Bancorp Price Performance

STBA stock opened at $40.79 on Friday. The firm has a 50 day simple moving average of $41.21 and a two-hundred day simple moving average of $36.03. The stock has a market cap of $1.56 billion, a PE ratio of 11.56 and a beta of 0.79. S&T Bancorp, Inc. has a one year low of $24.51 and a one year high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. The company had revenue of $142.07 million for the quarter, compared to analysts’ expectations of $95.85 million. S&T Bancorp had a return on equity of 10.63% and a net margin of 24.20%. During the same period last year, the firm posted $0.89 EPS. On average, analysts predict that S&T Bancorp, Inc. will post 3.3 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.24%. S&T Bancorp’s dividend payout ratio is currently 37.39%.

S&T Bancorp 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.