Connor Clark & Lunn Investment Management Ltd. Invests $474,000 in S&T Bancorp, Inc. (NASDAQ:STBA)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,394 shares of the financial services provider’s stock, valued at approximately $474,000.

A number of other hedge funds and other institutional investors have also modified their holdings of STBA. Versant Capital Management Inc increased its position in shares of 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. Smartleaf Asset Management LLC increased its position in shares of S&T Bancorp by 67.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 502 shares during the last quarter. KBC Group NV increased its position in shares of 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 purchased a new stake in shares of S&T Bancorp during the fourth quarter worth about $166,000. Finally, Bailard Inc. purchased a new stake in shares of S&T Bancorp during the fourth quarter worth about $206,000. 65.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&T Bancorp

In other news, Director Bhaskar Ramachandran acquired 764 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $39.25 per share, with a total value of $29,987.00. Following the completion of the acquisition, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.38% of the stock is owned by corporate insiders.

S&T Bancorp Stock Down 0.6 %

Shares of S&T Bancorp stock opened at $37.03 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.42 billion, a P/E ratio of 10.86 and a beta of 0.80. S&T Bancorp, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $45.79. The business has a 50-day moving average price of $38.72 and a 200 day moving average price of $40.05.

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 forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s dividend payout ratio is currently 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.