Innealta Capital LLC Invests $53,000 in S&T Bancorp, Inc. (NASDAQ:STBA)

Innealta Capital LLC acquired a new stake in S&T Bancorp, Inc. (NASDAQ:STBA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,589 shares of the financial services provider’s stock, valued at approximately $53,000.

Several other large investors have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB acquired a new position in shares of S&T Bancorp in the fourth quarter worth $241,000. Los Angeles Capital Management LLC purchased a new stake in S&T Bancorp during the 4th quarter worth about $283,000. Bare Financial Services Inc acquired a new stake in S&T Bancorp in the 4th quarter valued at about $145,000. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $79,687,000 after buying an additional 30,384 shares during the period. Finally, Allegheny Financial Group LTD acquired a new position in shares of S&T Bancorp during the fourth quarter worth about $206,000. 65.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on STBA. StockNews.com cut shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 26th. DA Davidson raised their price objective on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, July 19th.

Insider Buying and Selling

In other S&T Bancorp news, Director William J. Hieb sold 11,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $31.05, for a total transaction of $341,550.00. Following the transaction, the director now owns 31,770 shares of the company’s stock, valued at $986,458.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.38% of the stock is owned by company insiders.

S&T Bancorp Trading Up 0.5 %

NASDAQ:STBA opened at $42.97 on Friday. S&T Bancorp, Inc. has a 1 year low of $24.51 and a 1 year high of $45.79. The stock has a market cap of $1.64 billion, a P/E ratio of 12.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day simple moving average of $38.93 and a 200-day simple moving average of $33.90.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. S&T Bancorp had a return on equity of 10.63% and a net margin of 24.20%. The firm had revenue of $142.07 million during the quarter, compared to the consensus estimate of $95.85 million. During the same period in the prior year, the company posted $0.89 earnings per share. As a group, analysts anticipate that S&T Bancorp, Inc. will post 3.31 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Thursday, August 8th. S&T Bancorp’s dividend payout ratio (DPR) is 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.