Geode Capital Management LLC Sells 8,476 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Geode Capital Management LLC cut its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 917,014 shares of the financial services provider’s stock after selling 8,476 shares during the period. Geode Capital Management LLC owned about 2.40% of S&T Bancorp worth $35,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in S&T Bancorp by 48.6% during the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock worth $35,000 after buying an additional 303 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 502 shares during the period. KBC Group NV boosted its holdings in shares of S&T Bancorp by 55.0% in the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 825 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of S&T Bancorp in the fourth quarter worth $153,000. Finally, SG Americas Securities LLC acquired a new position in S&T Bancorp during the fourth quarter valued at $166,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Bhaskar Ramachandran purchased 764 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the transaction, the director now directly owns 1,251 shares of the company’s stock, valued at approximately $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.23% of the stock is currently owned by insiders.

S&T Bancorp Stock Performance

NASDAQ STBA opened at $34.36 on Thursday. S&T Bancorp, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $45.79. 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 firm has a market capitalization of $1.31 billion, a P/E ratio of 10.08 and a beta of 0.75. The stock has a 50-day simple moving average of $37.59 and a two-hundred day simple moving average of $39.16.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. On average, equities analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a $0.34 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.96%. S&T Bancorp’s dividend payout ratio (DPR) is 39.88%.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.