SG Americas Securities LLC purchased a new stake in shares of S & T Bancorp Inc (NASDAQ:STBA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,373 shares of the financial services provider’s stock, valued at approximately $292,000.

Other institutional investors have also added to or reduced their stakes in the company. Burt Wealth Advisors raised its holdings in S & T Bancorp by 3.1% in the 2nd quarter. Burt Wealth Advisors now owns 3,323 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 100 shares during the period. KBC Group NV bought a new position in S & T Bancorp in the 2nd quarter worth $161,000. Victory Capital Management Inc. raised its holdings in S & T Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,722 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 708 shares during the period. Advisor Group Inc. raised its holdings in S & T Bancorp by 1.1% in the 2nd quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 53 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in S & T Bancorp in the 3rd quarter worth $216,000. Institutional investors and hedge funds own 55.18% of the company’s stock.

Shares of S & T Bancorp Inc (STBA) opened at $40.74 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1,430.00, a price-to-earnings ratio of 17.48 and a beta of 0.86. S & T Bancorp Inc has a 12-month low of $31.72 and a 12-month high of $43.17.

S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $71.01 million for the quarter, compared to analyst estimates of $73.70 million. S & T Bancorp had a net margin of 26.44% and a return on equity of 9.41%. During the same period last year, the business posted $0.59 EPS. sell-side analysts predict that S & T Bancorp Inc will post 2.37 earnings per share for the current fiscal year.

In other news, Director David Krieger sold 1,201 shares of S & T Bancorp stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $41.78, for a total transaction of $50,177.78. Following the sale, the director now directly owns 18,045 shares in the company, valued at approximately $753,920.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd D. Brice sold 5,000 shares of S & T Bancorp stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $40.38, for a total transaction of $201,900.00. Following the sale, the chief executive officer now owns 85,989 shares in the company, valued at $3,472,235.82. The disclosure for this sale can be found here. Insiders sold a total of 12,051 shares of company stock worth $485,000 over the last 90 days. Company insiders own 2.71% of the company’s stock.

Several research analysts recently commented on the stock. BidaskClub downgraded shares of S & T Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of S & T Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, October 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.50 price target on shares of S & T Bancorp in a research report on Friday, October 20th. Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research report on Friday, October 20th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $36.50 price target on shares of S & T Bancorp in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. S & T Bancorp has an average rating of “Hold” and a consensus target price of $41.33.

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S & T Bancorp 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.

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

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