American Century Companies Inc. Increases Position in S&T Bancorp, Inc. (NASDAQ:STBA)

American Century Companies Inc. boosted its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 29.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 591,829 shares of the financial services provider’s stock after acquiring an additional 133,108 shares during the period. American Century Companies Inc. owned about 1.55% of S&T Bancorp worth $19,761,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TFO Wealth Partners LLC grew its position in shares of S&T Bancorp by 5,870.6% in the fourth quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 998 shares during the period. Innealta Capital LLC purchased a new stake in S&T Bancorp in the 2nd quarter valued at about $53,000. EntryPoint Capital LLC increased its stake in shares of S&T Bancorp by 188.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 1,863 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of S&T Bancorp in the first quarter worth approximately $152,000. Finally, Allegheny Financial Group LTD purchased a new stake in S&T Bancorp in the second quarter valued at approximately $207,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Stock Up 2.4 %

STBA opened at $44.24 on Friday. S&T Bancorp, Inc. has a 1 year low of $24.51 and a 1 year high of $45.79. The firm has a 50 day moving average price of $41.53 and a 200 day moving average price of $34.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.69 billion, a PE ratio of 12.53 and a beta of 0.79.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.14. The company had revenue of $142.07 million during the quarter, compared to analyst estimates of $95.85 million. S&T Bancorp had a net margin of 24.20% and a return on equity of 10.63%. During the same quarter in the prior year, the business earned $0.89 earnings per share. Sell-side analysts expect that S&T Bancorp, Inc. will post 3.31 earnings per share for the current year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, August 8th. S&T Bancorp’s dividend payout ratio (DPR) is presently 37.39%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. DA Davidson increased their target price on 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.