Envestnet Asset Management Inc. Acquires 322 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Envestnet Asset Management Inc. lifted its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,870 shares of the financial services provider’s stock after acquiring an additional 322 shares during the period. Envestnet Asset Management Inc. owned approximately 0.41% of S&T Bancorp worth $6,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in S&T Bancorp by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider’s stock worth $176,453,000 after purchasing an additional 160,453 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in S&T Bancorp by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider’s stock valued at $57,067,000 after buying an additional 60,617 shares during the last quarter. Geode Capital Management LLC boosted its holdings in S&T Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock worth $38,850,000 after acquiring an additional 10,603 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of S&T Bancorp by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock worth $7,709,000 after acquiring an additional 7,027 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of S&T Bancorp by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider’s stock valued at $5,781,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Trading Down 0.7 %

Shares of STBA stock opened at $34.46 on Tuesday. 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 company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.11 and a beta of 0.75. S&T Bancorp, Inc. has a 52-week low of $29.85 and a 52-week high of $45.79. The company has a 50-day simple moving average of $37.25 and a two-hundred day simple moving average of $39.02.

S&T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Research analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.95%. S&T Bancorp’s payout ratio is currently 39.88%.

Insider Activity at S&T Bancorp

In related news, Director Bhaskar Ramachandran purchased 764 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the purchase, the director now directly owns 1,251 shares in the company, valued at approximately $49,101.75. This trade represents a 156.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.23% of the stock is owned by company insiders.

S&T Bancorp 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.