First Commonwealth Financial Corp PA trimmed its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,634 shares of the financial services provider’s stock after selling 2,200 shares during the period. S&T Bancorp accounts for 5.8% of First Commonwealth Financial Corp PA’s portfolio, making the stock its largest holding. First Commonwealth Financial Corp PA owned 0.42% of S&T Bancorp worth $5,294,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in STBA. Ameritas Investment Partners Inc. purchased a new position in S&T Bancorp during the first quarter valued at $100,000. Burt Wealth Advisors grew its stake in S&T Bancorp by 3.1% during the second 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. Victory Capital Management Inc. grew its stake in S&T Bancorp by 5.1% during the first quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 196 shares in the last quarter. KBC Group NV purchased a new position in S&T Bancorp during the second quarter valued at $161,000. Finally, Advisor Group Inc. grew its stake in S&T Bancorp by 1.1% during the second 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. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Shares of S&T Bancorp, Inc. (NASDAQ STBA) traded up 0.74% during trading on Friday, hitting $40.60. 16,467 shares of the company’s stock were exchanged. The company has a market cap of $1.42 billion, a P/E ratio of 17.85 and a beta of 0.86. S&T Bancorp, Inc. has a 12-month low of $25.85 and a 12-month high of $41.00. The company has a 50-day moving average of $37.07 and a 200-day moving average of $35.84.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The business had revenue of $72.84 million during 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 period in the prior year, the business earned $0.49 earnings per share. On average, equities analysts expect that S&T Bancorp, Inc. will post $2.30 earnings per share for the current fiscal year.

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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 stock was acquired at an average cost of $35.10 per share, for a total transaction of $35,100.00. Following the completion of the transaction, the director now directly owns 1,997 shares of the company’s stock, valued at $70,094.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank W. Jones sold 1,075 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $37.67, for a total transaction of $40,495.25. Following the completion of the sale, the director now owns 25,065 shares of the company’s stock, valued at $944,198.55. The disclosure for this sale can be found here. Insiders sold 6,739 shares of company stock valued at $239,098 over the last quarter. Company insiders own 2.71% of the company’s stock.

Several research firms recently weighed in on STBA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 target price on shares of S&T Bancorp in a research note on Tuesday. BidaskClub raised shares of S&T Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research cut shares of S&T Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. S&T Bancorp has a consensus rating of “Hold” and a consensus price target of $37.67.

S&T Bancorp Company 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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