Dean Capital Management Grows Stock Holdings in S&T Bancorp, Inc. $STBA

Dean Capital Management lifted its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,830 shares of the financial services provider’s stock after acquiring an additional 11,132 shares during the quarter. Dean Capital Management owned 0.13% of S&T Bancorp worth $1,882,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in STBA. Costello Asset Management INC acquired a new position in S&T Bancorp during the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake in shares of S&T Bancorp by 5,223.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 905 shares of the financial services provider’s stock valued at $34,000 after buying an additional 888 shares during the last quarter. Torren Management LLC purchased a new position in shares of S&T Bancorp during the 4th quarter valued at about $37,000. Smithfield Trust Co acquired a new position in shares of S&T Bancorp in the 4th quarter valued at about $40,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of S&T Bancorp in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Analyst Ratings Changes

STBA has been the topic of several analyst reports. Zacks Research lowered S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Hovde Group boosted their price target on S&T Bancorp from $44.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. DA Davidson initiated coverage on S&T Bancorp in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.40.

S&T Bancorp Price Performance

Shares of S&T Bancorp stock opened at $46.84 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a twelve month low of $34.01 and a twelve month high of $48.70. The business has a 50-day moving average price of $44.77 and a 200 day moving average price of $42.71. The firm has a market cap of $1.69 billion, a PE ratio of 13.12 and a beta of 0.85.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The company had revenue of $102.08 million for the quarter, compared to the consensus estimate of $103.62 million. S&T Bancorp had a return on equity of 9.35% and a net margin of 23.71%. Sell-side analysts predict that S&T Bancorp, Inc. will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, May 14th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 3.2%. S&T Bancorp’s dividend payout ratio (DPR) is 41.46%.

S&T Bancorp Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.