S & T Bancorp Inc (NASDAQ:STBA) Stock Position Lifted by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of S & T Bancorp Inc (NASDAQ:STBA) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,259 shares of the financial services provider’s stock after buying an additional 6,351 shares during the period. Rhumbline Advisers owned about 0.37% of S & T Bancorp worth $4,685,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Virginia Retirement Systems ET AL lifted its holdings in S & T Bancorp by 18.0% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 23,600 shares of the financial services provider’s stock worth $862,000 after buying an additional 3,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in S & T Bancorp by 29.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,449 shares of the financial services provider’s stock worth $89,000 after buying an additional 551 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in S & T Bancorp during the 3rd quarter worth approximately $256,000. Denali Advisors LLC lifted its holdings in S & T Bancorp by 195.7% during the 3rd quarter. Denali Advisors LLC now owns 40,800 shares of the financial services provider’s stock worth $1,490,000 after buying an additional 27,000 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in S & T Bancorp by 126.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,457 shares of the financial services provider’s stock worth $966,000 after buying an additional 14,784 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors.

A number of research firms have commented on STBA. BidaskClub raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Zacks Investment Research raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, ValuEngine raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of NASDAQ STBA opened at $38.42 on Friday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.76 and a beta of 0.64. S & T Bancorp Inc has a 12-month low of $33.30 and a 12-month high of $42.56. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $37.16.

S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $74.26 million for the quarter, compared to the consensus estimate of $73.81 million. S & T Bancorp had a return on equity of 10.75% and a net margin of 28.32%. As a group, equities analysts forecast that S & T Bancorp Inc will post 2.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.28 dividend. This is an increase from S & T Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, November 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.92%. S & T Bancorp’s dividend payout ratio (DPR) is 35.88%.

About S & T Bancorp

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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Institutional Ownership by Quarter for S & T Bancorp (NASDAQ:STBA)

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