S & T Bancorp Inc (NASDAQ:STBA) Director Jerry Delmar Hostetter acquired 473 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $36.68 per share, for a total transaction of $17,349.64. Following the acquisition, the director now directly owns 12,356 shares in the company, valued at approximately $453,218.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of STBA traded up $0.22 during midday trading on Wednesday, reaching $37.69. The company had a trading volume of 44,075 shares, compared to its average volume of 90,614. S & T Bancorp Inc has a 1-year low of $35.16 and a 1-year high of $47.77. The company has a market capitalization of $1.27 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.27 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

S & T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). S & T Bancorp had a return on equity of 11.02% and a net margin of 29.41%. The company had revenue of $71.72 million during the quarter, compared to analyst estimates of $72.39 million. As a group, equities analysts anticipate that S & T Bancorp Inc will post 2.91 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Wednesday, May 1st. S & T Bancorp’s dividend payout ratio (DPR) is presently 35.88%.

Institutional investors and hedge funds have recently modified their holdings of the business. Denali Advisors LLC increased its stake in shares of S & T Bancorp by 3,853.2% in the 1st quarter. Denali Advisors LLC now owns 4,309 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 4,200 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of S & T Bancorp in the 1st quarter worth $208,000. Everence Capital Management Inc. acquired a new stake in shares of S & T Bancorp in the 1st quarter worth $236,000. Millennium Management LLC increased its stake in shares of S & T Bancorp by 47.0% in the 4th quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 2,216 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of S & T Bancorp by 6.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,391 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 424 shares during the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on STBA shares. BidaskClub lowered S & T Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Zacks Investment Research raised S & T Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of S & T Bancorp in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. S & T Bancorp has an average rating of “Hold” and a consensus price target of $51.00.

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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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