American Century Companies Inc. Grows Stock Holdings in S&T Bancorp, Inc. $STBA

American Century Companies Inc. lifted its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 698,519 shares of the financial services provider’s stock after acquiring an additional 3,613 shares during the period. American Century Companies Inc. owned approximately 1.82% of S&T Bancorp worth $26,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hancock Whitney Corp boosted its position in S&T Bancorp by 2.1% during the 1st quarter. Hancock Whitney Corp now owns 15,813 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 326 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of S&T Bancorp by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,841 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 685 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of S&T Bancorp by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 16,572 shares of the financial services provider’s stock worth $627,000 after buying an additional 750 shares during the period. CWM LLC boosted its position in shares of S&T Bancorp by 12.3% in the second quarter. CWM LLC now owns 8,083 shares of the financial services provider’s stock worth $306,000 after buying an additional 888 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of S&T Bancorp by 9.9% in the second quarter. Inspire Investing LLC now owns 10,235 shares of the financial services provider’s stock valued at $387,000 after buying an additional 926 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on STBA shares. Keefe, Bruyette & Woods boosted their price target on S&T Bancorp from $41.00 to $42.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Piper Sandler dropped their price objective on shares of S&T Bancorp from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&T Bancorp in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.00.

S&T Bancorp Price Performance

Shares of STBA stock opened at $39.49 on Monday. The firm has a market cap of $1.51 billion, a P/E ratio of 11.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. S&T Bancorp, Inc. has a 1-year low of $30.84 and a 1-year high of $43.69. The firm has a fifty day moving average of $37.54 and a two-hundred day moving average of $37.82.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $103.61 million for the quarter. S&T Bancorp had a net margin of 23.72% and a return on equity of 9.32%. As a group, research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.44 dividend on an annualized basis and a yield of 3.6%. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.34. S&T Bancorp’s dividend payout ratio (DPR) is 41.50%.

Insider Activity at S&T Bancorp

In other news, Director Jeffrey D. Grube bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was bought at an average price of $36.55 per share, for a total transaction of $91,375.00. Following the transaction, the director owned 44,985 shares in the company, valued at $1,644,201.75. The trade was a 5.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.23% of the company’s stock.

About S&T Bancorp

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.