Janney Montgomery Scott LLC Purchases 750 Shares of S&T Bancorp, Inc. $STBA

Janney Montgomery Scott LLC raised its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,572 shares of the financial services provider’s stock after purchasing an additional 750 shares during the period. Janney Montgomery Scott LLC’s holdings in S&T Bancorp were worth $627,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of STBA. Hancock Whitney Corp increased its position in shares of S&T Bancorp by 2.1% during the first quarter. Hancock Whitney Corp now owns 15,813 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 326 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of S&T Bancorp by 7.6% during the first quarter. Nisa Investment Advisors LLC now owns 5,187 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 367 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of S&T Bancorp by 1.5% during the first quarter. Confluence Wealth Services Inc. now owns 31,271 shares of the financial services provider’s stock worth $1,132,000 after acquiring an additional 465 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of S&T Bancorp by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 20,761 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 479 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in S&T Bancorp by 0.8% in the first quarter. New York State Teachers Retirement System now owns 63,077 shares of the financial services provider’s stock valued at $2,337,000 after purchasing an additional 497 shares in the last quarter. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Stock Performance

Shares of STBA stock opened at $34.65 on Friday. The stock has a market cap of $1.33 billion, a P/E ratio of 10.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day moving average price of $38.11 and a two-hundred day moving average price of $37.38. S&T Bancorp, Inc. has a one year low of $30.84 and a one year high of $45.46.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $100.07 million during the quarter, compared to analysts’ expectations of $99.30 million. S&T Bancorp had a net margin of 23.39% and a return on equity of 9.32%. As a group, equities analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.34 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.9%. S&T Bancorp’s dividend payout ratio is 39.88%.

Analyst Ratings Changes

STBA has been the subject of a number of analyst reports. Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Hovde Group initiated coverage on shares of S&T Bancorp in a research report on Friday, June 27th. They issued a “market perform” rating and a $41.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of S&T Bancorp in a research report on Wednesday, October 8th. Finally, Piper Sandler initiated coverage on shares of S&T Bancorp in a research report on Friday, July 18th. They issued a “neutral” rating and a $42.00 target price for the company. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.00.

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.