S&T Bancorp, Inc. (NASDAQ:STBA) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,132 shares of the financial services provider’s stock after buying an additional 3,029 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in S&T Bancorp were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 819 shares during the last quarter. Versant Capital Management Inc increased its position in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC increased its position in shares of S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of S&T Bancorp in the 3rd quarter worth about $204,000. Finally, Tidal Investments LLC bought a new stake in shares of S&T Bancorp in the 3rd quarter worth about $220,000. Institutional investors own 65.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $37.38 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $45.79. The firm has a 50-day simple moving average of $40.38 and a 200 day simple moving average of $40.50. The company has a market cap of $1.43 billion, a PE ratio of 10.65 and a beta of 0.84.

S&T Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.34 dividend. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.36 annualized dividend and a dividend yield of 3.64%. S&T Bancorp’s dividend payout ratio (DPR) is 38.75%.

Insider Activity at S&T Bancorp

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business’s 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 directly owns 23,143 shares of the company’s stock, valued at $1,000,009.03. The trade was a 17.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.38% of the company’s stock.

S&T Bancorp Profile

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.