24,290 Shares in S&T Bancorp, Inc. (NASDAQ:STBA) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new stake in S&T Bancorp, Inc. (NASDAQ:STBAFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,290 shares of the financial services provider’s stock, valued at approximately $812,000. Trexquant Investment LP owned approximately 0.06% of S&T Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STBA. Norges Bank acquired a new stake in S&T Bancorp in the fourth quarter valued at $9,055,000. American Century Companies Inc. lifted its stake 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 purchasing an additional 65,375 shares during the last quarter. Clearbridge Investments LLC bought a new position in S&T Bancorp during the third quarter worth about $1,152,000. Boston Partners increased its position in S&T Bancorp by 10.2% during the third quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock worth $11,156,000 after buying an additional 38,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in S&T Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,059,825 shares of the financial services provider’s stock valued at $28,700,000 after buying an additional 31,665 shares during the period. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Stock Up 1.8 %

STBA stock opened at $31.75 on Friday. S&T Bancorp, Inc. has a 52 week low of $24.51 and a 52 week high of $36.28. The business has a 50-day simple moving average of $31.29 and a 200 day simple moving average of $31.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.21 billion, a PE ratio of 8.99 and a beta of 0.78.

S&T Bancorp (NASDAQ:STBAGet Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $96.31 million for the quarter, compared to analysts’ expectations of $96.30 million. S&T Bancorp had a return on equity of 10.86% and a net margin of 24.68%. Sell-side analysts anticipate that S&T Bancorp, Inc. will post 3.02 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.32 annualized dividend and a dividend yield of 4.16%. S&T Bancorp’s dividend payout ratio is 37.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd.

Get Our Latest Research Report on S&T Bancorp

About S&T Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for S&T Bancorp (NASDAQ:STBA)

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