Cambridge Investment Research Advisors Inc. raised its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 43.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,546 shares of the financial services provider’s stock after purchasing an additional 9,897 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.09% of S&T Bancorp worth $1,288,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of STBA. Russell Investments Group Ltd. increased its position in shares of S&T Bancorp by 9.9% in the third quarter. Russell Investments Group Ltd. now owns 33,435 shares of the financial services provider’s stock worth $1,323,000 after acquiring an additional 3,002 shares in the last quarter. Rhumbline Advisers increased its position in shares of S&T Bancorp by 1.6% in the third quarter. Rhumbline Advisers now owns 90,978 shares of the financial services provider’s stock worth $3,601,000 after acquiring an additional 1,410 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of S&T Bancorp by 59.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,130 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 4,890 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of S&T Bancorp by 53.4% in the third quarter. BNP Paribas Arbitrage SA now owns 18,298 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 6,366 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of S&T Bancorp in the third quarter worth $508,000. 54.73% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. 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 report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price objective on shares of S&T Bancorp in a research report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $36.50 target price on shares of S&T Bancorp in a research note on Thursday, October 19th. Finally, Boenning Scattergood restated a “hold” rating on shares of S&T Bancorp in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. S&T Bancorp has a consensus rating of “Hold” and an average price target of $41.33.

In other news, Director Frank W. Jones sold 850 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $41.32, for a total value of $35,122.00. Following the completion of the transaction, the director now directly owns 24,215 shares in the company, valued at $1,000,563.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Krieger sold 1,201 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $41.78, for a total transaction of $50,177.78. Following the completion of the transaction, the director now owns 18,045 shares of the company’s stock, valued at $753,920.10. The disclosure for this sale can be found here. 2.71% of the stock is currently owned by corporate insiders.

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S&T Bancorp, Inc. (NASDAQ STBA) opened at $40.34 on Wednesday. The firm has a market cap of $1,395.67, a price-to-earnings ratio of 17.12 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a 52 week low of $31.72 and a 52 week high of $42.36.

S&T Bancorp (NASDAQ:STBA) last announced its 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. The business had revenue of $71.01 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.59 earnings per share. analysts anticipate that S&T Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.18%. S&T Bancorp’s dividend payout ratio is 37.77%.

About S&T Bancorp

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

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