Nisa Investment Advisors LLC Has $192,000 Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Nisa Investment Advisors LLC lifted its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,187 shares of the financial services provider’s stock after acquiring an additional 367 shares during the period. Nisa Investment Advisors LLC’s holdings in S&T Bancorp were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of S&T Bancorp by 86.3% in the fourth quarter. Victory Capital Management Inc. now owns 19,985 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 9,260 shares in the last quarter. Proficio Capital Partners LLC bought a new position in S&T Bancorp in the fourth quarter valued at $1,310,000. Amundi boosted its holdings in shares of S&T Bancorp by 190.0% during the fourth quarter. Amundi now owns 19,530 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 12,795 shares during the period. Avantax Advisory Services Inc. lifted its holdings in S&T Bancorp by 2.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 31,444 shares of the financial services provider’s stock worth $1,202,000 after buying an additional 774 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of S&T Bancorp during the fourth quarter valued at approximately $474,000. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Price Performance

Shares of STBA opened at $39.25 on Friday. 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, Inc. has a fifty-two week low of $30.84 and a fifty-two week high of $45.79. The company has a market cap of $1.50 billion, a P/E ratio of 11.31 and a beta of 0.89. The firm’s 50 day moving average price is $37.76 and its 200 day moving average price is $37.58.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. S&T Bancorp had a net margin of 23.84% and a return on equity of 9.71%. The company had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. On average, research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given 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 3.46%. S&T Bancorp’s dividend payout ratio (DPR) is 39.19%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STBA. Keefe, Bruyette & Woods decreased their target price 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. Hovde Group began coverage on shares of S&T Bancorp in a research note on Friday, June 27th. They issued a “market perform” rating and a $41.00 target price on the stock. Finally, Wall Street Zen downgraded shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th.

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.