Nisa Investment Advisors LLC Holds Position in S&T Bancorp, Inc. (STBA)
Nisa Investment Advisors LLC held its stake in S&T Bancorp, Inc. (NASDAQ:STBA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,800 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in S&T Bancorp were worth $172,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in S&T Bancorp by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 6,909 shares of the financial services provider’s stock valued at $247,000 after buying an additional 3,059 shares during the last quarter. First Financial Equity Corporation purchased a new stake in S&T Bancorp during the first quarter valued at $256,000. AQR Capital Management LLC boosted its stake in S&T Bancorp by 13.4% in the first quarter. AQR Capital Management LLC now owns 32,547 shares of the financial services provider’s stock valued at $1,126,000 after buying an additional 3,844 shares during the last quarter. State Street Corp boosted its stake in S&T Bancorp by 6.0% in the first quarter. State Street Corp now owns 817,552 shares of the financial services provider’s stock valued at $28,292,000 after buying an additional 45,958 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in S&T Bancorp by 63.5% in the first quarter. Bank of America Corp DE now owns 70,536 shares of the financial services provider’s stock valued at $2,440,000 after buying an additional 27,385 shares during the last quarter. 53.89% of the stock is owned by institutional investors and hedge funds.
Shares of S&T Bancorp, Inc. (NASDAQ STBA) traded up 0.14% during trading on Wednesday, reaching $36.03. The company’s stock had a trading volume of 14,001 shares. S&T Bancorp, Inc. has a 52-week low of $25.85 and a 52-week high of $39.84. The stock has a market cap of $1.26 billion, a P/E ratio of 15.84 and a beta of 0.84. The stock has a 50-day moving average of $36.74 and a 200-day moving average of $35.67.
S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. S&T Bancorp had a return on equity of 9.30% and a net margin of 26.52%. The business had revenue of $72.84 million during the quarter, compared to analyst estimates of $71.98 million. During the same period in the prior year, the company earned $0.49 earnings per share. Analysts predict that S&T Bancorp, Inc. will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, August 1st. S&T Bancorp’s dividend payout ratio (DPR) is 35.24%.
Several research firms recently weighed in on STBA. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.50 price target on shares of S&T Bancorp in a report on Thursday, August 3rd. BidaskClub cut S&T Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut S&T Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.83.
In other S&T Bancorp news, Director Frank W. Jones sold 1,075 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $37.67, for a total transaction of $40,495.25. Following the sale, the director now owns 25,065 shares in the company, valued at $944,198.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.31% of the stock is currently owned by corporate insiders.
S&T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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