International Assets Investment Management LLC Increases Stock Position in S&T Bancorp, Inc. (NASDAQ:STBA)

International Assets Investment Management LLC increased its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 4,095.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 839 shares of the financial services provider’s stock after purchasing an additional 819 shares during the quarter. International Assets Investment Management LLC’s holdings in S&T Bancorp were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in STBA. GAMMA Investing LLC lifted its position in shares of S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after buying an additional 526 shares in the last quarter. Innealta Capital LLC bought a new stake in S&T Bancorp during the second quarter worth $53,000. EntryPoint Capital LLC boosted its position in S&T Bancorp by 188.0% in the first quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,863 shares during the last quarter. SG Americas Securities LLC bought a new position in S&T Bancorp in the 1st quarter valued at $152,000. Finally, Sapient Capital LLC purchased a new stake in shares of S&T Bancorp during the 3rd quarter valued at $223,000. 65.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STBA. StockNews.com raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. DA Davidson boosted their target price on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 19th.

S&T Bancorp Stock Performance

NASDAQ:STBA opened at $42.16 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 12.01 and a beta of 0.80. The business has a fifty day simple moving average of $40.72 and a two-hundred day simple moving average of $37.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp, Inc. has a 1 year low of $26.40 and a 1 year high of $45.79.

S&T Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.36 annualized dividend and a yield of 3.23%. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.33. S&T Bancorp’s dividend payout ratio (DPR) is 38.75%.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.