Bank of New York Mellon Corp increased its stake in S & T Bancorp Inc (NASDAQ:STBA) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,616 shares of the financial services provider’s stock after acquiring an additional 9,277 shares during the period. Bank of New York Mellon Corp owned approximately 1.44% of S & T Bancorp worth $13,240,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of STBA. BlackRock Inc. grew its position in S & T Bancorp by 5.5% in the first quarter. BlackRock Inc. now owns 5,766,733 shares of the financial services provider’s stock worth $157,546,000 after buying an additional 299,576 shares during the last quarter. State Street Corp raised its position in S & T Bancorp by 11.4% during the first quarter. State Street Corp now owns 1,325,837 shares of the financial services provider’s stock valued at $36,222,000 after buying an additional 135,222 shares during the period. First Trust Advisors LP increased its position in S & T Bancorp by 156.3% in the 1st quarter. First Trust Advisors LP now owns 133,670 shares of the financial services provider’s stock worth $3,652,000 after purchasing an additional 81,522 shares during the last quarter. Macquarie Group Ltd. increased its position in S & T Bancorp by 4.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,283,438 shares of the financial services provider’s stock worth $30,096,000 after purchasing an additional 48,877 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in S & T Bancorp by 7.0% in the 1st quarter. Geode Capital Management LLC now owns 574,626 shares of the financial services provider’s stock worth $15,698,000 after purchasing an additional 37,416 shares during the last quarter. Institutional investors and hedge funds own 59.71% of the company’s stock.

Several brokerages recently weighed in on STBA. Zacks Investment Research downgraded S & T Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. BidaskClub raised S & T Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 9th. Stephens started coverage on shares of S & T Bancorp in a report on Monday, June 1st. They issued an “equal weight” rating and a $27.50 target price on the stock. Raymond James reiterated a “neutral” rating on shares of S & T Bancorp in a research report on Thursday, September 10th. Finally, ValuEngine downgraded shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company has an average rating of “Sell” and a consensus price target of $36.25.

Shares of STBA opened at $19.00 on Wednesday. The stock has a market capitalization of $745.79 million, a P/E ratio of 21.11 and a beta of 0.57. S & T Bancorp Inc has a twelve month low of $18.97 and a twelve month high of $41.53. The company has a 50 day moving average of $20.90 and a 200-day moving average of $24.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.10.

S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $85.37 million during the quarter, compared to analysts’ expectations of $83.35 million. S & T Bancorp had a net margin of 7.60% and a return on equity of 7.66%. On average, sell-side analysts anticipate that S & T Bancorp Inc will post 1.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, August 12th. This represents a $1.12 annualized dividend and a dividend yield of 5.89%. S & T Bancorp’s dividend payout ratio is currently 36.25%.

S & T Bancorp Company Profile

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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Institutional Ownership by Quarter for S & T Bancorp (NASDAQ:STBA)

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