S&T Bancorp, Inc. (NASDAQ:STBA) Stock Holdings Lifted by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,234 shares of the financial services provider’s stock after buying an additional 6,566 shares during the period. Empowered Funds LLC owned 0.34% of S&T Bancorp worth $5,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in S&T Bancorp by 74.9% in the first quarter. BNP Paribas Financial Markets now owns 18,926 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 8,108 shares during the period. SG Americas Securities LLC acquired a new position in S&T Bancorp during the 1st quarter valued at approximately $152,000. State Board of Administration of Florida Retirement System boosted its position in S&T Bancorp by 119.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,336 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 13,230 shares during the period. CANADA LIFE ASSURANCE Co increased its position in S&T Bancorp by 7.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 34,502 shares of the financial services provider’s stock worth $1,105,000 after buying an additional 2,317 shares during the period. Finally, EntryPoint Capital LLC increased its position in S&T Bancorp by 188.0% in the first quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,863 shares during the period. Institutional investors and hedge funds own 65.22% of the company’s stock.

Insider Buying and Selling

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the sale, 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 can be accessed through this link. Corporate insiders own 1.38% of the company’s stock.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $42.34 on Monday. The firm’s 50 day moving average is $40.79 and its two-hundred day moving average is $37.75. The firm has a market capitalization of $1.62 billion, a P/E ratio of 12.06 and a beta of 0.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp, Inc. has a 52 week low of $27.43 and a 52 week high of $45.79.

S&T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $96.35 million for the quarter, compared to analysts’ expectations of $98.90 million. S&T Bancorp had a return on equity of 10.25% and a net margin of 23.69%. Analysts anticipate that S&T Bancorp, Inc. will post 3.36 earnings per share for the current year.

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 paid a dividend of $0.34 per share. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, November 7th. S&T Bancorp’s payout ratio is currently 38.75%.

Analyst Upgrades and Downgrades

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

About S&T Bancorp

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.