Dynamic Technology Lab Private Ltd Raises Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Dynamic Technology Lab Private Ltd boosted its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 89.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,280 shares of the financial services provider’s stock after acquiring an additional 6,255 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in S&T Bancorp were worth $508,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in shares of S&T Bancorp by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider’s stock worth $5,781,000 after acquiring an additional 410 shares during the period. ExodusPoint Capital Management LP acquired a new position in S&T Bancorp in the 4th quarter worth about $244,000. Franklin Resources Inc. purchased a new position in S&T Bancorp during the fourth quarter worth approximately $649,000. Pictet Asset Management Holding SA acquired a new stake in S&T Bancorp in the fourth quarter valued at approximately $233,000. Finally, Norges Bank purchased a new stake in shares of S&T Bancorp in the fourth quarter valued at approximately $4,181,000. 65.22% of the stock is owned by institutional investors and hedge funds.

S&T Bancorp Price Performance

S&T Bancorp stock opened at $33.69 on Wednesday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 9.88 and a beta of 0.75. The company’s fifty day moving average price is $38.40 and its 200 day moving average price is $39.49. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79.

S&T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.04%. S&T Bancorp’s payout ratio is currently 39.88%.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran bought 764 shares of S&T Bancorp stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the transaction, the director now directly owns 1,251 shares of the company’s stock, valued at approximately $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.38% of the company’s stock.

S&T Bancorp 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.