Avantax Advisory Services Inc. Acquires 774 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Avantax Advisory Services Inc. raised its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,444 shares of the financial services provider’s stock after purchasing an additional 774 shares during the quarter. Avantax Advisory Services Inc. owned 0.08% of S&T Bancorp worth $1,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of S&T Bancorp by 45.7% during the third quarter. Victory Capital Management Inc. now owns 10,725 shares of the financial services provider’s stock worth $450,000 after buying an additional 3,365 shares during the last quarter. Intech Investment Management LLC bought a new stake in S&T Bancorp during the 3rd quarter worth $323,000. Charles Schwab Investment Management Inc. increased its holdings in S&T Bancorp by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider’s stock worth $60,122,000 after purchasing an additional 43,268 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in S&T Bancorp in the 3rd quarter worth about $295,000. Finally, FMR LLC raised its position in S&T Bancorp by 180.3% in the third quarter. FMR LLC now owns 18,256 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 11,744 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Price Performance

STBA stock opened at $38.01 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. S&T Bancorp, Inc. has a 52-week low of $28.83 and a 52-week high of $45.79. The company has a market capitalization of $1.45 billion, a P/E ratio of 11.15 and a beta of 0.80. The company has a fifty day moving average price of $38.68 and a 200-day moving average price of $40.13.

S&T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share 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%. As a group, equities analysts expect that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, February 13th. S&T Bancorp’s dividend payout ratio (DPR) is 39.88%.

Insider Activity

In other news, Director Bhaskar Ramachandran purchased 764 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $39.25 per share, for a total transaction 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. The trade was a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.38% of the stock is currently owned by company insiders.

S&T Bancorp 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.