Bhaskar Ramachandran Buys 764 Shares of S&T Bancorp, Inc. (NASDAQ:STBA) Stock

S&T Bancorp, Inc. (NASDAQ:STBA) Director Bhaskar Ramachandran bought 764 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now directly owns 1,251 shares of the company’s stock, valued at $49,101.75. This represents a 156.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

S&T Bancorp Stock Up 1.3 %

NASDAQ STBA opened at $40.16 on Friday. The business has a fifty day moving average price of $39.03 and a two-hundred day moving average price of $40.54. 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 fifty-two week low of $28.83 and a fifty-two week high of $45.79. The stock has a market capitalization of $1.54 billion, a PE ratio of 11.78 and a beta of 0.84.

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, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Equities analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp’s payout ratio is presently 39.88%.

Institutional Investors Weigh In On S&T Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in shares of S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 819 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 526 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of S&T Bancorp by 824.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of S&T Bancorp by 67.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 502 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

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.