Bank of Montreal Can Purchases 540 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Bank of Montreal Can grew its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,550 shares of the financial services provider’s stock after acquiring an additional 540 shares during the quarter. Bank of Montreal Can’s holdings in S&T Bancorp were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

S&T Bancorp Stock Performance

Shares of NASDAQ:STBA opened at $36.19 on Thursday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 10.61 and a beta of 0.75. The firm has a 50 day moving average of $37.10 and a 200 day moving average of $38.98. S&T Bancorp, Inc. has a 52 week low of $29.85 and a 52 week high of $45.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share 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 paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.76%. S&T Bancorp’s dividend payout ratio is currently 39.88%.

Insiders Place Their Bets

In other news, Director Bhaskar Ramachandran acquired 764 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the purchase, the director now owns 1,251 shares in the company, valued at approximately $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.23% of the stock is currently owned by company insiders.

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.