Yousif Capital Management LLC Sells 361 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Yousif Capital Management LLC trimmed its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,469 shares of the financial services provider’s stock after selling 361 shares during the period. Yousif Capital Management LLC’s holdings in S&T Bancorp were worth $553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in S&T Bancorp by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider’s stock valued at $60,122,000 after acquiring an additional 43,268 shares during the last quarter. Geode Capital Management LLC increased its holdings in S&T Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock valued at $38,850,000 after acquiring an additional 10,603 shares during the last quarter. Empowered Funds LLC increased its holdings in S&T Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 130,234 shares of the financial services provider’s stock valued at $5,466,000 after acquiring an additional 6,566 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in S&T Bancorp in the 4th quarter valued at $3,297,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in S&T Bancorp by 5.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,164 shares of the financial services provider’s stock valued at $3,155,000 after acquiring an additional 4,133 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at S&T Bancorp

In other S&T Bancorp news, Director Bhaskar Ramachandran purchased 764 shares of S&T Bancorp stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The purchase was disclosed in a document filed 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 Price Performance

STBA stock opened at $40.16 on Monday. S&T Bancorp, Inc. has a 12 month low of $28.83 and a 12 month high of $45.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $38.98 and a 200 day moving average price of $40.45. The stock has a market cap of $1.54 billion, a PE ratio of 11.78 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping 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%. Equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.39%. S&T Bancorp’s dividend payout ratio (DPR) is 39.88%.

Analysts Set New Price Targets

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

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.