Rhumbline Advisers raised its stake in shares of S & T Bancorp Inc (NASDAQ:STBA) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,811 shares of the financial services provider’s stock after acquiring an additional 7,833 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of S & T Bancorp worth $3,934,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of STBA. Raymond James Financial Services Advisors Inc. bought a new position in shares of S & T Bancorp during the third quarter valued at $216,000. Crossmark Global Holdings Inc. bought a new position in shares of S & T Bancorp during the third quarter valued at $236,000. SG Americas Securities LLC bought a new position in shares of S & T Bancorp during the third quarter valued at $292,000. Barings LLC bought a new position in shares of S & T Bancorp during the third quarter valued at $301,000. Finally, Stevens Capital Management LP lifted its holdings in shares of S & T Bancorp by 27.3% during the third quarter. Stevens Capital Management LP now owns 9,093 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 1,951 shares during the period. 58.76% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on STBA shares. Zacks Investment Research lowered S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. BidaskClub lowered S & T Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $42.00 target price on shares of S & T Bancorp in a research note on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating, S & T Bancorp currently has a consensus rating of “Hold” and an average target price of $43.50.
S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. S & T Bancorp had a return on equity of 9.88% and a net margin of 23.08%. The company had revenue of $70.48 million during the quarter, compared to analyst estimates of $74.58 million. sell-side analysts predict that S & T Bancorp Inc will post 2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.22 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.08%. S & T Bancorp’s dividend payout ratio (DPR) is presently 42.11%.
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S & T Bancorp Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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