S&T Bancorp, Inc. $STBA Shares Bought by Dean Capital Management

Dean Capital Management boosted its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,830 shares of the financial services provider’s stock after buying an additional 11,132 shares during the quarter. Dean Capital Management’s holdings in S&T Bancorp were worth $1,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in S&T Bancorp by 10.1% during the 1st quarter. Royal Bank of Canada now owns 13,147 shares of the financial services provider’s stock worth $487,000 after buying an additional 1,206 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of S&T Bancorp by 54.9% in the first quarter. AQR Capital Management LLC now owns 36,148 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 12,810 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of S&T Bancorp by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,756 shares of the financial services provider’s stock worth $843,000 after acquiring an additional 1,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of S&T Bancorp by 7.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,837 shares of the financial services provider’s stock worth $3,884,000 after acquiring an additional 7,286 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of S&T Bancorp during the first quarter worth $4,211,000. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STBA shares. Wall Street Zen upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. DA Davidson assumed coverage on S&T Bancorp in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th. Hovde Group boosted their price objective on S&T Bancorp from $44.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Finally, Zacks Research lowered shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.40.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $46.84 on Friday. S&T Bancorp, Inc. has a 12 month low of $34.01 and a 12 month high of $48.70. The firm has a market capitalization of $1.69 billion, a P/E ratio of 13.12 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $44.77 and its 200 day moving average price is $42.71.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.07. The company had revenue of $102.08 million during the quarter, compared to the consensus estimate of $103.62 million. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. As a group, sell-side analysts predict that S&T Bancorp, Inc. will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. S&T Bancorp’s dividend payout ratio (DPR) is presently 41.46%.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.