S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,326 shares of the financial services provider’s stock after selling 1,499 shares during the period. Illinois Municipal Retirement Fund’s holdings in S&T Bancorp were worth $713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. increased its stake in S&T Bancorp by 212.9% during the third quarter. Panagora Asset Management Inc. now owns 233,698 shares of the financial services provider’s stock valued at $6,329,000 after purchasing an additional 159,019 shares during the last quarter. Waldron Private Wealth LLC grew its position in S&T Bancorp by 581.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 146,558 shares of the financial services provider’s stock valued at $3,968,000 after buying an additional 125,042 shares in the last quarter. American Century Companies Inc. grew its position in S&T Bancorp by 54.4% in the 3rd quarter. American Century Companies Inc. now owns 185,495 shares of the financial services provider’s stock valued at $5,023,000 after buying an additional 65,375 shares in the last quarter. Clearbridge Investments LLC bought a new position in S&T Bancorp in the 3rd quarter valued at about $1,152,000. Finally, Boston Partners grew its position in S&T Bancorp by 10.2% in the 3rd quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock valued at $11,156,000 after buying an additional 38,443 shares in the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

S&T Bancorp Price Performance

NASDAQ STBA opened at $30.61 on Tuesday. The company has a 50 day simple moving average of $30.88 and a 200-day simple moving average of $30.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.67 and a beta of 0.77. S&T Bancorp, Inc. has a 52-week low of $24.51 and a 52-week high of $36.28.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Wednesday, May 8th. S&T Bancorp’s dividend payout ratio (DPR) is 37.39%.

Wall Street Analyst Weigh In

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

S&T Bancorp 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.