Swiss National Bank Acquires 1,500 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Swiss National Bank raised its holdings in S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,500 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned 0.24% of S&T Bancorp worth $3,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of STBA. Bank of New York Mellon Corp grew its stake in S&T Bancorp by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 510,968 shares of the financial services provider’s stock valued at $15,115,000 after purchasing an additional 1,900 shares during the period. Citigroup Inc. grew its stake in S&T Bancorp by 10.9% in the 1st quarter. Citigroup Inc. now owns 35,073 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 3,456 shares during the period. Bank of Montreal Can grew its stake in S&T Bancorp by 89.3% in the 1st quarter. Bank of Montreal Can now owns 30,481 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 14,381 shares during the period. MetLife Investment Management LLC grew its stake in S&T Bancorp by 49.6% in the 1st quarter. MetLife Investment Management LLC now owns 21,802 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 7,227 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in S&T Bancorp by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,924 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 4,183 shares during the period. Institutional investors own 61.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STBA shares. Keefe, Bruyette & Woods dropped their price target on S&T Bancorp from $38.00 to $34.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Stephens upped their price target on S&T Bancorp from $32.00 to $37.00 in a research report on Thursday, February 9th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.33.

S&T Bancorp Stock Performance

Shares of STBA opened at $27.70 on Tuesday. The stock’s 50-day simple moving average is $29.38 and its 200 day simple moving average is $33.54. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 7.41 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. S&T Bancorp, Inc. has a 52-week low of $24.93 and a 52-week high of $38.43.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.62%. S&T Bancorp’s dividend payout ratio (DPR) is 34.22%.

Insider Buying and Selling

In related news, Director Jeffrey D. Grube acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were acquired at an average price of $27.59 per share, with a total value of $55,180.00. Following the acquisition, the director now owns 37,175 shares of the company’s stock, valued at approximately $1,025,658.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.32% of the stock is currently owned by insiders.

S&T Bancorp Profile

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S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services, which include accepting time and demand deposits and originating commercial and consumer loans, brokerage services, and trust services including serving as executor and trustee under wills and deeds and as guardian and custodian of employee benefits.