CoreFirst Bank & Trust Buys New Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

CoreFirst Bank & Trust purchased a new position in S&T Bancorp, Inc. (NASDAQ:STBA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,000 shares of the financial services provider’s stock, valued at approximately $153,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of S&T Bancorp by 48.6% during the fourth 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 period. Smartleaf Asset Management LLC increased its stake in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 502 shares in the last quarter. KBC Group NV raised its holdings in 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 buying an additional 825 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of S&T Bancorp in the fourth quarter valued at $166,000. Finally, Bailard Inc. acquired a new position in shares of S&T Bancorp during the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Trading Up 2.5 %

NASDAQ:STBA opened at $37.94 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79. The company has a market cap of $1.45 billion, a PE ratio of 11.13 and a beta of 0.80. The firm has a 50-day moving average of $38.77 and a 200-day moving average of $40.01.

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

S&T Bancorp Announces Dividend

The business also recently declared 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 yield of 3.58%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp’s payout ratio is currently 39.88%.

Insider Buying and Selling at S&T Bancorp

In other news, Director Bhaskar Ramachandran bought 764 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $39.25 per share, with a total value of $29,987.00. Following the transaction, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.38% 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. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.