Dimensional Fund Advisors LP grew its stake in S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,202,992 shares of the financial services provider’s stock after purchasing an additional 106,458 shares during the period. Dimensional Fund Advisors LP owned about 5.65% of S&T Bancorp worth $75,300,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of STBA. Arizona State Retirement System boosted its position in shares of S&T Bancorp by 3.4% during the 4th quarter. Arizona State Retirement System now owns 11,046 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 363 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of S&T Bancorp by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,592 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 382 shares in the last quarter. Pathstone Family Office LLC boosted its position in shares of S&T Bancorp by 5.4% during the 3rd quarter. Pathstone Family Office LLC now owns 7,699 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 393 shares in the last quarter. Eaton Vance Management boosted its position in shares of S&T Bancorp by 5.9% during the 1st quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 435 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of S&T Bancorp by 2.7% during the 1st quarter. First Trust Advisors LP now owns 18,933 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 494 shares in the last quarter. 61.92% of the stock is currently owned by institutional investors and hedge funds.
S&T Bancorp Price Performance
NASDAQ:STBA opened at $27.48 on Thursday. The firm has a market cap of $1.07 billion, a PE ratio of 7.35 and a beta of 0.74. S&T Bancorp, Inc. has a 12 month low of $24.93 and a 12 month high of $38.43. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $29.04 and its two-hundred day moving average price is $33.37.
S&T Bancorp Announces Dividend
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Stephens lifted their target price on shares of S&T Bancorp from $32.00 to $37.00 in a research report on Thursday, February 9th. StockNews.com lowered shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 20th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of S&T Bancorp from $38.00 to $34.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, S&T Bancorp currently has a consensus rating of “Hold” and an average price target of $34.33.
Insiders Place Their Bets
In related news, Director Jeffrey D. Grube bought 2,000 shares of the company’s stock in a transaction on Friday, April 28th. The stock was bought at an average cost of $27.59 per share, with a total value of $55,180.00. Following the completion of the purchase, the director now owns 37,175 shares in the company, valued at approximately $1,025,658.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.32% of the company’s stock.
S&T Bancorp Company Profile
S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services, which include accepting time and demand deposits and originating commercial and consumer loans, brokerage services, and trust services including serving as executor and trustee under wills and deeds and as guardian and custodian of employee benefits.
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