Brandywine Global Investment Management LLC lowered its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,047 shares of the financial services provider’s stock after selling 4,445 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.32% of S&T Bancorp worth $4,019,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of S&T Bancorp by 1.1% in the second quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 53 shares during the period. Burt Wealth Advisors increased its holdings in shares of S&T Bancorp by 3.1% in the second quarter. Burt Wealth Advisors now owns 3,323 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 100 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of S&T Bancorp by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 7,422 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 112 shares during the period. OxFORD Asset Management LLP increased its holdings in shares of S&T Bancorp by 2.5% in the second quarter. OxFORD Asset Management LLP now owns 7,657 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 184 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of S&T Bancorp by 5.1% in the first quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 196 shares during the period. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

S&T Bancorp, Inc. (NASDAQ:STBA) opened at 40.73 on Friday. The company has a 50-day moving average price of $37.24 and a 200-day moving average price of $35.87. S&T Bancorp, Inc. has a 1-year low of $25.85 and a 1-year high of $41.00. The company has a market cap of $1.42 billion, a PE ratio of 17.90 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $71.98 million. S&T Bancorp had a net margin of 26.52% and a return on equity of 9.30%. During the same quarter in the previous year, the company earned $0.49 EPS. On average, analysts expect that S&T Bancorp, Inc. will post $2.30 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price target on shares of S&T Bancorp in a report on Tuesday. Zacks Investment Research cut shares of S&T Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, BidaskClub raised S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.67.

In other S&T Bancorp news, Director Robert Edward Kane bought 1,000 shares of S&T Bancorp stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $35.10 per share, for a total transaction of $35,100.00. Following the acquisition, the director now directly owns 1,997 shares in the company, valued at approximately $70,094.70. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David P. Ruddock sold 4,414 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $35.00, for a total transaction of $154,490.00. Following the completion of the sale, the insider now owns 10,004 shares in the company, valued at $350,140. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,739 shares of company stock worth $239,098. Corporate insiders own 2.71% of the company’s stock.

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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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