S&T Bancorp, Inc. (NASDAQ:STBA) Director Bhaskar Ramachandran Acquires 764 Shares

S&T Bancorp, Inc. (NASDAQ:STBA) Director Bhaskar Ramachandran bought 764 shares of the stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the purchase, the director now owns 1,251 shares in the company, valued at $49,101.75. The trade was a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

S&T Bancorp Trading Up 0.3 %

Shares of STBA opened at $39.65 on Friday. S&T Bancorp, Inc. has a 52-week low of $28.83 and a 52-week high of $45.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $39.09 and its two-hundred day moving average is $40.54. The stock has a market cap of $1.52 billion, a PE ratio of 11.63 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. Research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.43%. S&T Bancorp’s payout ratio is 39.88%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of S&T Bancorp by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider’s stock valued at $176,453,000 after acquiring an additional 160,453 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider’s stock valued at $57,067,000 after acquiring an additional 60,617 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of S&T Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock valued at $38,850,000 after acquiring an additional 10,603 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of S&T Bancorp by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock valued at $7,709,000 after acquiring an additional 7,027 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of S&T Bancorp by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider’s stock valued at $5,781,000 after acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.