Rhumbline Advisers Sells 314 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Rhumbline Advisers lowered its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,281 shares of the financial services provider’s stock after selling 314 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of S&T Bancorp worth $4,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of S&T Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock worth $38,850,000 after purchasing an additional 10,603 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of S&T Bancorp by 25.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider’s stock worth $578,000 after purchasing an additional 3,029 shares in the last quarter. Barclays PLC grew its holdings in shares of S&T Bancorp by 124.4% during the third quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock worth $3,116,000 after purchasing an additional 41,148 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of S&T Bancorp by 35.2% during the third quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider’s stock worth $1,814,000 after purchasing an additional 11,252 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of S&T Bancorp during the third quarter worth about $295,000. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Stock Performance

NASDAQ:STBA opened at $40.22 on Friday. The business has a 50 day moving average of $38.62 and a 200 day moving average of $40.41. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.79 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. 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 (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.38%. S&T Bancorp’s payout ratio is 39.88%.

Insider Buying and Selling

In related news, Director Bhaskar Ramachandran bought 764 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $39.25 per share, with a total value of $29,987.00. Following the completion of the purchase, the director now owns 1,251 shares in the company, valued at approximately $49,101.75. The trade was 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. 1.38% of the stock is owned by insiders.

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.