S&T Bancorp, Inc. (NASDAQ:STBA) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,493,127 shares of the financial services provider’s stock after purchasing an additional 60,617 shares during the period. Charles Schwab Investment Management Inc. owned about 3.90% of S&T Bancorp worth $57,067,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of S&T Bancorp by 2.3% during the third quarter. Stifel Financial Corp now owns 13,646 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 303 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of S&T Bancorp by 48.6% during the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 303 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in S&T Bancorp by 67.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 502 shares in the last quarter. Inspire Investing LLC lifted its stake in S&T Bancorp by 6.8% in the 4th quarter. Inspire Investing LLC now owns 10,493 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 671 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in S&T Bancorp by 8.6% in the 4th quarter. Diversified Trust Co now owns 9,264 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 737 shares in the last quarter. 65.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at S&T Bancorp

In other news, Director Bhaskar Ramachandran purchased 764 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $39.25 per share, with a total value of $29,987.00. Following the purchase, the director now directly owns 1,251 shares of the company’s stock, valued at approximately $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.38% of the company’s stock.

S&T Bancorp Stock Up 0.5 %

Shares of S&T Bancorp stock opened at $37.35 on Thursday. The stock has a 50-day moving average price of $38.59 and a 200 day moving average price of $40.29. The company has a market cap of $1.43 billion, a P/E ratio of 10.95 and a beta of 0.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. As a group, analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s dividend payout ratio (DPR) is presently 39.88%.

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.