S & T Bancorp Inc (NASDAQ:STBA) CEO Todd D. Brice purchased 2,036 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $37.31 per share, with a total value of $75,963.16. Following the acquisition, the chief executive officer now owns 91,520 shares of the company’s stock, valued at $3,414,611.20. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of STBA stock traded up $0.22 during midday trading on Wednesday, hitting $37.69. 1,412 shares of the company were exchanged, compared to its average volume of 90,614. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.27 and a beta of 0.70. S & T Bancorp Inc has a 52 week low of $35.16 and a 52 week high of $47.77.

S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The firm had revenue of $71.72 million for the quarter, compared to the consensus estimate of $72.39 million. S & T Bancorp had a return on equity of 11.02% and a net margin of 29.41%. Sell-side analysts forecast that S & T Bancorp Inc will post 2.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Wednesday, May 1st. S & T Bancorp’s dividend payout ratio is currently 35.88%.

A number of analysts recently weighed in on STBA shares. Zacks Investment Research raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. BidaskClub lowered shares of S & T Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. ValuEngine raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $51.00.

Several large investors have recently bought and sold shares of STBA. Piedmont Investment Advisors Inc. boosted its holdings in shares of S & T Bancorp by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,321 shares of the financial services provider’s stock valued at $315,000 after buying an additional 267 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in S & T Bancorp by 1.2% in the 4th quarter. Advisors Asset Management Inc. now owns 29,512 shares of the financial services provider’s stock worth $1,117,000 after purchasing an additional 342 shares during the period. Envestnet Asset Management Inc. boosted its stake in S & T Bancorp by 6.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,391 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 424 shares during the period. Comerica Bank boosted its position in shares of S & T Bancorp by 0.7% during the 1st quarter. Comerica Bank now owns 67,127 shares of the financial services provider’s stock valued at $2,684,000 after acquiring an additional 490 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of S & T Bancorp by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 24,983 shares of the financial services provider’s stock valued at $945,000 after acquiring an additional 549 shares during the last quarter. 60.27% of the stock is currently owned by institutional investors.

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S & T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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