Public Sector Pension Investment Board Has $2.81 Million Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Public Sector Pension Investment Board lifted its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,173 shares of the financial services provider’s stock after buying an additional 4,827 shares during the quarter. Public Sector Pension Investment Board owned about 0.22% of S&T Bancorp worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Denali Advisors LLC acquired a new stake in S&T Bancorp in the second quarter worth $200,000. Renaissance Technologies LLC acquired a new stake in shares of S&T Bancorp in the 2nd quarter valued at about $250,000. Dimensional Fund Advisors LP increased its position in S&T Bancorp by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock valued at $80,064,000 after buying an additional 32,935 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in S&T Bancorp by 23.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 161,151 shares of the financial services provider’s stock worth $5,381,000 after buying an additional 30,945 shares during the period. Finally, HBK Sorce Advisory LLC boosted its holdings in S&T Bancorp by 4.2% in the second quarter. HBK Sorce Advisory LLC now owns 14,557 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 584 shares in the last quarter. Institutional investors own 65.22% of the company’s stock.

Analyst Ratings Changes

STBA has been the subject of several recent research reports. DA Davidson boosted their price objective on S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, July 19th. StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday.

S&T Bancorp Trading Down 0.7 %

STBA opened at $41.12 on Friday. S&T Bancorp, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average is $41.95 and its 200 day moving average is $35.39. The firm has a market capitalization of $1.57 billion, a PE ratio of 11.65 and a beta of 0.79.

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

S&T Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.33 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.21%. S&T Bancorp’s dividend payout ratio (DPR) is presently 37.39%.

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.