Illinois Municipal Retirement Fund Sells 531 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Illinois Municipal Retirement Fund trimmed its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,282 shares of the financial services provider’s stock after selling 531 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in S&T Bancorp were worth $775,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STBA. International Assets Investment Management LLC grew its holdings in S&T Bancorp by 4,095.0% during the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 819 shares during the period. Versant Capital Management Inc boosted its position in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 303 shares during the last quarter. KBC Group NV grew its stake in shares of S&T Bancorp by 55.0% during the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 825 shares during the period. SG Americas Securities LLC bought a new stake in S&T Bancorp in the fourth quarter valued at about $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in S&T Bancorp in the third quarter valued at about $204,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other S&T Bancorp news, Director Bhaskar Ramachandran bought 764 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $39.25 per share, with a total value of $29,987.00. Following the purchase, the director now owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.38% of the stock is currently owned by company insiders.

S&T Bancorp Price Performance

Shares of STBA opened at $40.18 on Tuesday. The stock has a market cap of $1.54 billion, a P/E ratio of 11.78 and a beta of 0.84. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The stock’s 50-day moving average price is $38.66 and its two-hundred day moving average price is $40.43. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. On average, equities analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp’s dividend payout ratio is currently 39.88%.

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. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.