6,692 Shares in S&T Bancorp, Inc. (NASDAQ:STBA) Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC acquired a new stake in S&T Bancorp, Inc. (NASDAQ:STBA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,692 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STBA. DekaBank Deutsche Girozentrale purchased a new position in S&T Bancorp in the 3rd quarter valued at about $135,000. Allspring Global Investments Holdings LLC grew its position in S&T Bancorp by 17.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 835 shares during the last quarter. Commonwealth Equity Services LLC grew its position in S&T Bancorp by 6.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 512 shares during the last quarter. Alps Advisors Inc. grew its position in S&T Bancorp by 32.2% in the 3rd quarter. Alps Advisors Inc. now owns 12,320 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of S&T Bancorp by 5.7% in the fourth quarter. Diversified Trust Co now owns 10,786 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 584 shares in the last quarter. 65.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

S&T Bancorp Trading Up 1.2 %

NASDAQ STBA opened at $31.15 on Wednesday. S&T Bancorp, Inc. has a twelve month low of $24.51 and a twelve month high of $36.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 8.82 and a beta of 0.77. The firm’s 50 day moving average price is $30.95 and its two-hundred day moving average price is $30.52.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The company had revenue of $103.17 million during the quarter, compared to analyst estimates of $100.10 million. Equities analysts anticipate that S&T Bancorp, Inc. will post 3 EPS for the current year.

S&T Bancorp Company Profile

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.