S&T Bancorp, Inc. (NASDAQ:STBA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,655 shares of the financial services provider’s stock after purchasing an additional 1,901 shares during the quarter. JPMorgan Chase & Co. owned 0.09% of S&T Bancorp worth $1,454,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in S&T Bancorp by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock worth $80,064,000 after buying an additional 32,935 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in S&T Bancorp by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider’s stock worth $60,122,000 after buying an additional 43,268 shares in the last quarter. Geode Capital Management LLC increased its stake in S&T Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock worth $38,850,000 after buying an additional 10,603 shares in the last quarter. Earnest Partners LLC increased its stake in S&T Bancorp by 19.8% during the 2nd quarter. Earnest Partners LLC now owns 287,586 shares of the financial services provider’s stock worth $9,602,000 after buying an additional 47,450 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in S&T Bancorp by 23.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 161,151 shares of the financial services provider’s stock worth $5,381,000 after buying an additional 30,945 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

Insider Activity

In related news, Director Frank J. Palermo, Jr. sold 4,982 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the transaction, the director now directly owns 23,143 shares in the company, valued at approximately $1,000,009.03. This represents a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

S&T Bancorp Price Performance

STBA stock opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $40.51. The firm has a market capitalization of $1.42 billion, a PE ratio of 10.60 and a beta of 0.84. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79.

S&T Bancorp 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.