S&T Bancorp, Inc. (NASDAQ:STBA) Position Increased by KBC Group NV

KBC Group NV increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 55.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,324 shares of the financial services provider’s stock after purchasing an additional 825 shares during the period. KBC Group NV’s holdings in S&T Bancorp were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its position in S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 819 shares during the period. Versant Capital Management Inc increased its position in S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC increased its position in S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 526 shares during the period. SG Americas Securities LLC acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of S&T Bancorp during the 3rd quarter valued at $204,000. Institutional investors own 65.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

S&T Bancorp Stock Down 1.9 %

Shares of STBA stock opened at $40.45 on Monday. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The stock has a market cap of $1.55 billion, a PE ratio of 11.86 and a beta of 0.84. The business’s fifty day moving average is $39.25 and its 200-day moving average is $40.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Equities analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp’s payout ratio is 39.88%.

Insider Buying and Selling

In related news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the transaction, the director now directly owns 23,143 shares in the company, valued at $1,000,009.03. The trade was a 17.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.38% of the company’s stock.

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.