D.A. Davidson & CO. Purchases Shares of 6,312 S&T Bancorp, Inc. (NASDAQ:STBA)

D.A. Davidson & CO. acquired a new position in S&T Bancorp, Inc. (NASDAQ:STBAFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,312 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in S&T Bancorp by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,384,380 shares of the financial services provider’s stock worth $79,687,000 after buying an additional 30,384 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of S&T Bancorp by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,059,825 shares of the financial services provider’s stock worth $28,700,000 after purchasing an additional 31,665 shares in the last quarter. Boston Partners raised its stake in S&T Bancorp by 10.2% during the 3rd quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock valued at $11,156,000 after purchasing an additional 38,443 shares during the period. Norges Bank purchased a new position in S&T Bancorp in the 4th quarter worth approximately $9,055,000. Finally, American Century Companies Inc. boosted 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 worth $5,023,000 after purchasing an additional 65,375 shares during the period. 65.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Friday.

Get Our Latest Research Report on STBA

S&T Bancorp Stock Up 0.5 %

STBA opened at $31.91 on Friday. S&T Bancorp, Inc. has a 52 week low of $24.51 and a 52 week high of $36.28. 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 firm has a 50-day simple moving average of $31.31 and a two-hundred day simple moving average of $31.45. The company has a market capitalization of $1.22 billion, a PE ratio of 9.04 and a beta of 0.78.

S&T Bancorp (NASDAQ:STBAGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The business had revenue of $96.31 million during 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%. Analysts forecast that S&T Bancorp, Inc. will post 3.02 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Wednesday, May 8th. S&T Bancorp’s dividend payout ratio is presently 37.39%.

S&T Bancorp Profile

(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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