S&T Bancorp, Inc. (NASDAQ:STBA) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,068 shares of the financial services provider’s stock after acquiring an additional 5,651 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.22% of S&T Bancorp worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Eaton Vance Management lifted its position in S&T Bancorp by 5.9% in the first quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock valued at $230,000 after buying an additional 435 shares during the last quarter. First Trust Advisors LP lifted its position in S&T Bancorp by 2.7% in the first quarter. First Trust Advisors LP now owns 18,933 shares of the financial services provider’s stock valued at $560,000 after buying an additional 494 shares during the last quarter. Texas Permanent School Fund lifted its position in S&T Bancorp by 1.9% in the second quarter. Texas Permanent School Fund now owns 28,417 shares of the financial services provider’s stock valued at $779,000 after buying an additional 519 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in S&T Bancorp by 3.6% in the second quarter. Exchange Traded Concepts LLC now owns 24,803 shares of the financial services provider’s stock valued at $680,000 after buying an additional 870 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in S&T Bancorp by 16.4% in the second quarter. Mutual of America Capital Management LLC now owns 6,602 shares of the financial services provider’s stock valued at $181,000 after buying an additional 931 shares during the last quarter. Institutional investors and hedge funds own 61.92% of the company’s stock.

S&T Bancorp Stock Up 0.6 %

Shares of NASDAQ:STBA opened at $33.96 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $1.32 billion, a PE ratio of 11.28 and a beta of 0.76. The firm’s 50-day moving average is $35.56 and its two-hundred day moving average is $32.56. S&T Bancorp, Inc. has a 1 year low of $26.51 and a 1 year high of $38.39.

S&T Bancorp (NASDAQ:STBA – Get Rating) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. The company had revenue of $98.56 million for the quarter, compared to analyst estimates of $94.10 million. S&T Bancorp had a net margin of 32.04% and a return on equity of 9.97%. Analysts predict that S&T Bancorp, Inc. will post 3.36 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on STBA shares. Stephens upped their target price on shares of S&T Bancorp from $31.50 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 24th. StockNews.com started coverage on shares of S&T Bancorp in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Janney Montgomery Scott started coverage on shares of S&T Bancorp in a research note on Thursday, September 29th. They set a “neutral” rating and a $32.00 price target on the stock.

S&T Bancorp Profile

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S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer.