S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,691 shares of the financial services provider’s stock after selling 404 shares during the period. Arizona State Retirement System’s holdings in S&T Bancorp were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in S&T Bancorp by 0.4% in the first 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. raised its position 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 in the last quarter. Bank of Montreal Can boosted its stake in shares of 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 buying an additional 14,381 shares during the period. MetLife Investment Management LLC increased its stake in shares of S&T Bancorp by 49.6% during the first quarter. MetLife Investment Management LLC now owns 21,802 shares of the financial services provider’s stock worth $645,000 after buying an additional 7,227 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 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 last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd.

S&T Bancorp Stock Up 3.8 %

STBA opened at $30.47 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 8.63 and a beta of 0.77. S&T Bancorp, Inc. has a 12 month low of $24.51 and a 12 month high of $36.28. The business has a 50 day simple moving average of $30.98 and a 200-day simple moving average of $30.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $103.17 million during the quarter, compared to the consensus estimate of $100.10 million. S&T Bancorp had a return on equity of 10.86% and a net margin of 24.68%. On average, equities analysts anticipate that S&T Bancorp, Inc. will post 3.01 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Wednesday, February 7th. S&T Bancorp’s dividend payout ratio (DPR) is presently 37.39%.

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.