S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 8.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,754 shares of the financial services provider’s stock after selling 531 shares during the quarter. Mutual of America Capital Management LLC’s holdings in S&T Bancorp were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. raised its position in S&T Bancorp by 29.0% during the 2nd quarter. American Century Companies Inc. now owns 591,829 shares of the financial services provider’s stock worth $19,761,000 after buying an additional 133,108 shares during the last quarter. Earnest Partners LLC increased its stake in shares of S&T Bancorp by 19.8% during the second quarter. Earnest Partners LLC now owns 287,586 shares of the financial services provider’s stock worth $9,602,000 after acquiring an additional 47,450 shares during the period. Dimensional Fund Advisors LP raised its holdings in S&T Bancorp by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock worth $80,064,000 after purchasing an additional 32,935 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in S&T Bancorp by 23.8% in the second quarter. Envestnet Asset Management Inc. now owns 161,151 shares of the financial services provider’s stock valued at $5,381,000 after purchasing an additional 30,945 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in S&T Bancorp by 37.7% in the 2nd quarter. AQR Capital Management LLC now owns 34,280 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 9,384 shares in the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Stock Performance

NASDAQ:STBA opened at $43.37 on Friday. The firm’s fifty day simple moving average is $40.90 and its 200-day simple moving average is $38.42. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.66 billion, a PE ratio of 12.36 and a beta of 0.80. S&T Bancorp, Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $45.79.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%. The company had revenue of $96.35 million for the quarter, compared to analyst estimates of $98.90 million. Analysts expect that S&T Bancorp, Inc. will post 3.36 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.14%. S&T Bancorp’s payout ratio is currently 38.75%.

Insiders Place Their Bets

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the completion of the transaction, the director now owns 23,143 shares in the company, valued at approximately $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.