SG Americas Securities LLC Increases Stock Position in S&T Bancorp, Inc. (NASDAQ:STBA)

SG Americas Securities LLC boosted its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 320.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,282 shares of the financial services provider’s stock after buying an additional 13,934 shares during the quarter. SG Americas Securities LLC’s holdings in S&T Bancorp were worth $677,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of STBA. GAMMA Investing LLC boosted its stake in shares of S&T Bancorp by 41.9% in the first quarter. GAMMA Investing LLC now owns 1,762 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 520 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of S&T Bancorp by 17.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 17,731 shares of the financial services provider’s stock valued at $657,000 after purchasing an additional 2,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of S&T Bancorp by 29.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 97,551 shares of the financial services provider’s stock valued at $3,728,000 after purchasing an additional 22,387 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of S&T Bancorp by 25.4% in the fourth quarter. Rafferty Asset Management LLC now owns 34,078 shares of the financial services provider’s stock valued at $1,302,000 after purchasing an additional 6,896 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of S&T Bancorp by 8.0% in the fourth quarter. ProShare Advisors LLC now owns 190,774 shares of the financial services provider’s stock valued at $7,291,000 after purchasing an additional 14,107 shares during the period. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of S&T Bancorp from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th.

S&T Bancorp Stock Up 0.2%

Shares of NASDAQ:STBA opened at $36.00 on Friday. The firm’s 50 day moving average price is $36.63 and its 200 day moving average price is $37.90. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 10.37 and a beta of 0.90. S&T Bancorp, Inc. has a fifty-two week low of $30.74 and a fifty-two week high of $45.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.13. The firm had revenue of $93.75 million for the quarter, compared to analysts’ expectations of $96.40 million. S&T Bancorp had a net margin of 23.84% and a return on equity of 9.71%. As a group, equities research analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.36 dividend on an annualized basis and a yield of 3.78%. S&T Bancorp’s payout ratio is currently 39.19%.

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.