MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 792 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,670 shares of the financial services provider’s stock after buying an additional 792 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of S&T Bancorp worth $828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of STBA. Sterling Capital Management LLC grew its position in shares of S&T Bancorp by 824.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,088 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 worth $48,000 after purchasing an additional 502 shares during the last quarter. KBC Group NV boosted its stake in 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 purchasing an additional 825 shares during the period. CoreFirst Bank & Trust bought a new position in S&T Bancorp during the 4th quarter worth $153,000. Finally, SG Americas Securities LLC bought a new position in S&T Bancorp during the 4th quarter worth $166,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Stock Performance

STBA opened at $36.49 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. S&T Bancorp, Inc. has a 52-week low of $29.85 and a 52-week high of $45.79. The firm has a market cap of $1.40 billion, a P/E ratio of 10.70 and a beta of 0.86. The business’s fifty day moving average is $36.36 and its 200-day moving average is $38.61.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. The firm had revenue of $93.75 million for the quarter, compared to the consensus estimate of $96.40 million. Sell-side analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.36 dividend on an annualized basis and a yield of 3.73%. S&T Bancorp’s dividend payout ratio (DPR) is 39.19%.

Analyst Ratings Changes

STBA has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of S&T Bancorp from $44.00 to $43.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday.

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.