S & T Bancorp Inc (STBA) Position Cut by Stevens Capital Management LP

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Stevens Capital Management LP trimmed its stake in S & T Bancorp Inc (NASDAQ:STBA) by 34.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,909 shares of the financial services provider’s stock after selling 3,107 shares during the quarter. Stevens Capital Management LP’s holdings in S & T Bancorp were worth $256,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its position in shares of S & T Bancorp by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 186,091 shares of the financial services provider’s stock worth $8,047,000 after acquiring an additional 1,623 shares during the last quarter. LSV Asset Management grew its position in shares of S & T Bancorp by 28.2% during the second quarter. LSV Asset Management now owns 216,500 shares of the financial services provider’s stock worth $9,361,000 after acquiring an additional 47,567 shares during the last quarter. SG Americas Securities LLC grew its position in shares of S & T Bancorp by 327.9% during the second quarter. SG Americas Securities LLC now owns 15,247 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 11,684 shares during the last quarter. Rhumbline Advisers grew its position in shares of S & T Bancorp by 1.4% during the second quarter. Rhumbline Advisers now owns 101,597 shares of the financial services provider’s stock worth $4,393,000 after acquiring an additional 1,450 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of S & T Bancorp during the second quarter worth about $328,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Several research firms have recently commented on STBA. BidaskClub lowered shares of S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. DA Davidson began coverage on shares of S & T Bancorp in a research report on Thursday, August 23rd. They set a “buy” rating and a $54.00 price target for the company. Zacks Investment Research upgraded shares of S & T Bancorp from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, August 7th. Finally, ValuEngine lowered shares of S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $46.88.

S & T Bancorp stock opened at $46.64 on Wednesday. The stock has a market cap of $1.63 billion, a PE ratio of 18.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.97 and a quick ratio of 0.97. S & T Bancorp Inc has a one year low of $34.67 and a one year high of $47.77.

S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $70.65 million during the quarter, compared to analyst estimates of $70.06 million. S & T Bancorp had a net margin of 24.39% and a return on equity of 10.41%. equities research analysts predict that S & T Bancorp Inc will post 2.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Friday, August 3rd were given a $0.25 dividend. The ex-dividend date was Thursday, August 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. S & T Bancorp’s dividend payout ratio is presently 40.49%.

In related news, Director Frank W. Jones sold 600 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $45.58, for a total value of $27,348.00. Following the completion of the transaction, the director now owns 24,387 shares in the company, valued at approximately $1,111,559.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Miller sold 5,000 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $46.44, for a total transaction of $232,200.00. Following the completion of the transaction, the director now owns 39,948 shares of the company’s stock, valued at approximately $1,855,185.12. The disclosure for this sale can be found here. Corporate insiders own 2.53% of the company’s stock.

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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