Ameritas Investment Partners Inc. held its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,878 shares of the financial services provider’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in S&T Bancorp were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisor Group Inc. grew its stake in S&T Bancorp by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 53 shares in the last quarter. Burt Wealth Advisors grew its stake in S&T Bancorp by 3.1% during the 2nd quarter. Burt Wealth Advisors now owns 3,323 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 100 shares in the last quarter. OxFORD Asset Management LLP grew its stake in S&T Bancorp by 2.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 7,657 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 184 shares in the last quarter. Texas Permanent School Fund grew its stake in S&T Bancorp by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 25,540 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 263 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in S&T Bancorp by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,240 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 300 shares in the last quarter. 53.99% of the stock is owned by institutional investors.

Shares of S&T Bancorp, Inc. (STBA) opened at $38.61 on Friday. S&T Bancorp, Inc. has a one year low of $31.72 and a one year high of $42.36. 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 firm has a market cap of $1,356.49, a P/E ratio of 16.64 and a beta of 0.87.

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 for the quarter, beating the consensus estimate of $0.60 by $0.05. S&T Bancorp had a net margin of 26.44% and a return on equity of 9.41%. The business had revenue of $71.01 million during the quarter, compared to analysts’ expectations of $73.70 million. During the same quarter in the prior year, the company posted $0.59 EPS. sell-side analysts forecast that S&T Bancorp, Inc. will post 2.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be paid a $0.22 dividend. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, November 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. S&T Bancorp’s dividend payout ratio is 37.77%.

In other news, insider Thomas J. Sposito II sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $35.29, for a total value of $44,112.50. Following the transaction, the insider now directly owns 25,488 shares in the company, valued at approximately $899,471.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank W. Jones sold 850 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $41.32, for a total transaction of $35,122.00. Following the completion of the transaction, the director now owns 24,215 shares in the company, valued at $1,000,563.80. The disclosure for this sale can be found here. In the last three months, insiders sold 7,715 shares of company stock valued at $283,902. Corporate insiders own 2.71% of the company’s stock.

Several analysts recently issued reports on STBA shares. Zacks Investment Research raised shares of S&T Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $41.50 price target on shares of S&T Bancorp in a research note on Friday, October 20th. BidaskClub cut shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Boenning Scattergood reissued a “hold” rating on shares of S&T Bancorp in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $36.50 price target on shares of S&T Bancorp in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus 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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