Smartleaf Asset Management LLC Purchases 502 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Smartleaf Asset Management LLC raised its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 67.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,243 shares of the financial services provider’s stock after buying an additional 502 shares during the period. Smartleaf Asset Management LLC’s holdings in S&T Bancorp were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of STBA. Geode Capital Management LLC increased its holdings in S&T Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock valued at $38,850,000 after purchasing an additional 10,603 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of S&T Bancorp by 25.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider’s stock worth $578,000 after acquiring an additional 3,029 shares during the last quarter. Barclays PLC grew its position in S&T Bancorp by 124.4% during the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock valued at $3,116,000 after purchasing an additional 41,148 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of S&T Bancorp by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock valued at $7,709,000 after acquiring an additional 7,027 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of S&T Bancorp by 35.2% in the 3rd 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. 65.22% of the stock is currently owned by institutional investors.

Insider Activity at S&T Bancorp

In related news, Director Bhaskar Ramachandran bought 764 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $39.25 per share, with a total value of $29,987.00. Following the completion of the acquisition, the director now owns 1,251 shares of the company’s stock, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.38% of the stock is currently owned by corporate insiders.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $37.51 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day simple moving average of $38.63 and a two-hundred day simple moving average of $40.36. 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 market cap of $1.44 billion, a price-to-earnings ratio of 11.00 and a beta of 0.80.

S&T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s dividend payout ratio is presently 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.