2 weeks Ago By Defense World Staff
Teacher Retirement System of Texas lowered its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA – Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 28,177 shares of the financial services provider’s stock after selling 3,042 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of S&T Bancorp worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank raised its stake in shares of S&T Bancorp by 0.8% in the 4th quarter.
Swiss National Bank now owns 75,200 shares of the financial services provider’s stock valued at $2,874,000 after acquiring an additional 600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of S&T Bancorp in the fourth quarter valued at approximately $474,000.
Avantax Advisory Services Inc. lifted its stake in shares of S&T Bancorp by 2.5% in the fourth quarter.
Avantax Advisory Services Inc. now owns 31,444 shares of the financial services provider’s stock worth $1,202,000 after buying an additional 774 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of S&T Bancorp by 106,756.
5% during the 4th quarter. AlphaQuest LLC now owns 24,577 shares of the financial services provider’s stock worth $939,000 after buying an additional 24,554 shares during the period. Finally, Amundi grew its stake in S&T Bancorp by 190.
0% in the 4th quarter. Amundi now owns 19,530 shares of the financial services provider’s stock valued at $718,000 after buying an additional 12,795 shares during the last quarter. Institutional investors and hedge funds own 65.
22% of the company’s stock. Insider Transactions at S&T BancorpIn related news, Director Bhaskar Ramachandran acquired 764 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $39.
25 per share, with a total value of $29,987.00. Following the completion of the transaction, the director now owns 1,251 shares of the company’s stock, valued at approximately $49,101.
75. This represents a 156.88 % increase in their ownership of the stock.
The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.38% of the stock is currently owned by corporate insiders.
S&T Bancorp Stock PerformanceShares of STBA opened at $37.17 on Friday. The company has a market capitalization of $1.
42 billion, a PE ratio of 10.90 and a beta of 0.80.
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’s fifty day moving average price is $38.
80 and its 200 day moving average price is $39.91. S&T Bancorp (NASDAQ:STBA – Get Free Report) last posted 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, analysts expect that S&T Bancorp, Inc. will post 3.
05 earnings per share for the current year. S&T Bancorp Announces DividendThe firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a $0.
34 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.
36 annualized dividend and a dividend yield of 3.66%. S&T Bancorp’s dividend payout ratio is 39.
88%. About S&T Bancorp (Free Report)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.
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