Wealth Enhancement Advisory Services LLC Makes New $204,000 Investment in S&T Bancorp, Inc. (NASDAQ:STBA)

Wealth Enhancement Advisory Services LLC purchased a new stake in S&T Bancorp, Inc. (NASDAQ:STBA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,870 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in S&T Bancorp by 12.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,316 shares of the financial services provider’s stock valued at $959,000 after buying an additional 2,504 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of S&T Bancorp by 2.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $508,000 after buying an additional 326 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of S&T Bancorp by 4,095.0% in the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 819 shares during the period. Sapient Capital LLC purchased a new position in S&T Bancorp during the third quarter valued at approximately $223,000. Finally, GAMMA Investing LLC increased its holdings in S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 526 shares during the period. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Stock Down 0.5 %

Shares of NASDAQ STBA opened at $43.21 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $40.73 and a 200-day moving average of $37.46. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 12.37 and a beta of 0.80. S&T Bancorp, Inc. has a 12 month low of $26.40 and a 12 month high of $45.79.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $96.35 million for the quarter, compared to analyst estimates of $98.90 million. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. Sell-side analysts expect that S&T Bancorp, Inc. will post 3.36 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.34 per share. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 3.15%. S&T Bancorp’s dividend payout ratio (DPR) is presently 38.75%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DA Davidson boosted their price target on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. StockNews.com raised S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

S&T Bancorp Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.