Hennion & Walsh Asset Management Inc. Purchases 326 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Hennion & Walsh Asset Management Inc. grew its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,103 shares of the financial services provider’s stock after buying an additional 326 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in S&T Bancorp were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STBA. Earnest Partners LLC increased its position in shares of S&T Bancorp by 569.7% during the first quarter. Earnest Partners LLC now owns 240,136 shares of the financial services provider’s stock valued at $7,704,000 after buying an additional 204,281 shares during the period. American Century Companies Inc. increased 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 period. Vanguard Group Inc. increased its position in shares of S&T Bancorp by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,616,732 shares of the financial services provider’s stock valued at $154,291,000 after buying an additional 52,075 shares during the period. Dimensional Fund Advisors LP increased its position in shares of S&T Bancorp by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock valued at $80,064,000 after buying an additional 32,935 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of S&T Bancorp by 23.8% during the second quarter. Envestnet Asset Management Inc. now owns 161,151 shares of the financial services provider’s stock valued at $5,381,000 after buying an additional 30,945 shares during the period. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Stock Up 2.3 %

STBA stock opened at $38.73 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $41.20 and its 200 day moving average is $36.70. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 11.03 and a beta of 0.79. S&T Bancorp, Inc. has a 1-year low of $25.12 and a 1-year high of $45.79.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.51%. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, November 7th. S&T Bancorp’s dividend payout ratio is 37.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson upped their price objective on shares of S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th.

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.