Inspire Investing LLC Has $351,000 Stock Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Inspire Investing LLC decreased its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,523 shares of the financial services provider’s stock after selling 678 shares during the quarter. Inspire Investing LLC’s holdings in S&T Bancorp were worth $351,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in S&T Bancorp during the fourth quarter valued at about $9,055,000. D.A. Davidson & CO. purchased a new stake in shares of S&T Bancorp in the fourth quarter worth about $211,000. Trexquant Investment LP purchased a new stake in shares of S&T Bancorp in the fourth quarter worth about $812,000. Hsbc Holdings PLC purchased a new stake in shares of S&T Bancorp in the fourth quarter worth about $1,699,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of S&T Bancorp by 5,870.6% in the fourth quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock worth $34,000 after buying an additional 998 shares in the last quarter. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Trading Down 0.8 %

Shares of STBA opened at $42.92 on Tuesday. The firm’s 50 day simple moving average is $41.82 and its 200 day simple moving average is $35.17. The company has a market capitalization of $1.64 billion, a P/E ratio of 12.16 and a beta of 0.79. 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 1-year low of $24.51 and a 1-year high of $45.79.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. S&T Bancorp had a net margin of 24.20% and a return on equity of 10.63%. The business had revenue of $142.07 million for the quarter, compared to analysts’ expectations of $95.85 million. During the same period last year, the business earned $0.89 earnings per share. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3.31 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, August 8th. S&T Bancorp’s payout ratio is currently 37.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STBA. StockNews.com downgraded shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. DA Davidson raised their target price on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 19th.

About S&T Bancorp

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.