S&T Bancorp, Inc. (NASDAQ:STBA) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,225 shares of the financial services provider’s stock after selling 1,312 shares during the quarter. Voya Investment Management LLC owned about 0.09% of S&T Bancorp worth $1,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of STBA. Barclays PLC boosted its stake in S&T Bancorp by 124.4% during the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock worth $3,116,000 after purchasing an additional 41,148 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of S&T Bancorp by 25.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,132 shares of the financial services provider’s stock worth $578,000 after buying an additional 3,029 shares during the period. Principal Financial Group Inc. grew its holdings in shares of S&T Bancorp by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock worth $7,709,000 after buying an additional 7,027 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in S&T Bancorp by 18.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,690 shares of the financial services provider’s stock valued at $1,065,000 after acquiring an additional 4,374 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider’s stock valued at $57,067,000 after acquiring an additional 60,617 shares during the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their target price on S&T Bancorp from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th.

S&T Bancorp Trading Down 0.3 %

Shares of S&T Bancorp stock opened at $37.31 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 10.94 and a beta of 0.75. S&T Bancorp, Inc. has a 52-week low of $29.85 and a 52-week high of $45.79. The company’s 50-day simple moving average is $36.60 and its 200-day simple moving average is $38.76.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. The business had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. As a group, equities research analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.65%. S&T Bancorp’s payout ratio is currently 39.19%.

Insider Transactions at S&T Bancorp

In related news, Director Bhaskar Ramachandran acquired 764 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 1,251 shares in the company, 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 available through this hyperlink. Corporate insiders own 1.23% 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.