Swiss National Bank Has $2.87 Million Stock Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Swiss National Bank boosted its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,200 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank’s holdings in S&T Bancorp were worth $2,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STBA. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of S&T Bancorp in the fourth quarter worth $474,000. Avantax Advisory Services Inc. grew its position in shares of S&T Bancorp by 2.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,444 shares of the financial services provider’s stock valued at $1,202,000 after buying an additional 774 shares during the last quarter. AlphaQuest LLC increased its stake in shares of S&T Bancorp by 106,756.5% in the fourth quarter. AlphaQuest LLC now owns 24,577 shares of the financial services provider’s stock valued at $939,000 after buying an additional 24,554 shares during the period. Amundi raised its position 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 acquiring an additional 12,795 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of S&T Bancorp during the fourth quarter worth about $250,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at S&T Bancorp

In related news, Director Bhaskar Ramachandran bought 764 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the transaction, the director now directly owns 1,251 shares of the company’s stock, valued at approximately $49,101.75. The trade was a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.38% of the stock is owned by corporate insiders.

S&T Bancorp Stock Performance

Shares of STBA stock opened at $37.64 on Thursday. The stock has a market capitalization of $1.44 billion, a PE ratio of 11.04 and a beta of 0.80. The business’s 50 day simple moving average is $38.79 and its 200 day simple moving average is $39.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. As a group, research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s dividend payout ratio is 39.88%.

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.