New York State Teachers Retirement System Boosts Position in S&T Bancorp, Inc. (NASDAQ:STBA)

New York State Teachers Retirement System raised its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,580 shares of the financial services provider’s stock after acquiring an additional 4,861 shares during the quarter. New York State Teachers Retirement System owned approximately 0.16% of S&T Bancorp worth $2,392,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in STBA. International Assets Investment Management LLC increased its stake in S&T Bancorp by 4,095.0% in the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 819 shares during the last quarter. Versant Capital Management Inc increased its stake in 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 worth $35,000 after acquiring an additional 303 shares during the last quarter. KBC Group NV increased its stake in S&T Bancorp by 55.0% during the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 825 shares during the last quarter. SG Americas Securities LLC acquired a new stake in S&T Bancorp during the fourth quarter worth about $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in S&T Bancorp during the third quarter worth about $204,000. 65.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&T Bancorp

In other S&T Bancorp news, Director Bhaskar Ramachandran purchased 764 shares of S&T Bancorp stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $39.25 per share, with a total value of $29,987.00. Following the completion of the acquisition, the director now owns 1,251 shares of the company’s stock, valued at approximately $49,101.75. This trade represents a 156.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.38% of the company’s stock.

S&T Bancorp Stock Performance

Shares of NASDAQ:STBA opened at $39.36 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 11.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $38.71 and a two-hundred day moving average of $40.42. S&T Bancorp, Inc. has a 12 month low of $28.83 and a 12 month high of $45.79.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 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, 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 business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp’s 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.