Comerica Bank Sells 3,610 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Comerica Bank trimmed its holdings in S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) by 10.8% in the 3rd quarter, Holdings Channel reports. The fund owned 29,842 shares of the financial services provider’s stock after selling 3,610 shares during the quarter. Comerica Bank’s holdings in S&T Bancorp were worth $1,070,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in S&T Bancorp by 2.2% in the second quarter. Victory Capital Management Inc. now owns 376,652 shares of the financial services provider’s stock worth $10,332,000 after purchasing an additional 8,007 shares during the period. TD Asset Management Inc. purchased a new stake in shares of S&T Bancorp in the 2nd quarter worth approximately $1,004,000. Assenagon Asset Management S.A. grew its stake in shares of S&T Bancorp by 416.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 92,101 shares of the financial services provider’s stock worth $2,526,000 after buying an additional 74,253 shares during the last quarter. State of Alaska Department of Revenue increased its position in S&T Bancorp by 8.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 29,734 shares of the financial services provider’s stock valued at $815,000 after buying an additional 2,360 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in S&T Bancorp during the third quarter valued at $164,000. 61.92% of the stock is owned by hedge funds and other institutional investors.

S&T Bancorp Stock Down 0.0 %

S&T Bancorp stock opened at $32.37 on Wednesday. S&T Bancorp, Inc. has a 12 month low of $26.51 and a 12 month high of $38.39. The stock has a fifty day simple moving average of $34.94 and a two-hundred day simple moving average of $32.81. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.75 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Janney Montgomery Scott assumed coverage on S&T Bancorp in a report on Thursday, September 29th. They set a “neutral” rating and a $32.00 price target for the company. StockNews.com assumed coverage on shares of S&T Bancorp in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Stephens lifted their target price on shares of S&T Bancorp from $31.50 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 24th.

About S&T Bancorp

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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.