Insider Buying: S&T Bancorp, Inc. (NASDAQ:STBA) Director Acquires 764 Shares of Stock

S&T Bancorp, Inc. (NASDAQ:STBA) Director Bhaskar Ramachandran purchased 764 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the completion of the acquisition, the director now directly owns 1,251 shares in the company, valued at $49,101.75. The trade was a 156.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

S&T Bancorp Price Performance

Shares of STBA opened at $40.16 on Friday. The business has a 50-day simple moving average of $38.98 and a two-hundred day simple moving average of $40.48. S&T Bancorp, Inc. has a 12-month low of $28.83 and a 12-month high of $45.79. The stock has a market cap of $1.54 billion, a PE ratio of 11.78 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be paid a $0.34 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.39%. S&T Bancorp’s dividend payout ratio is 39.88%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in shares of S&T Bancorp by 4,095.0% in the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after buying an additional 819 shares during the last quarter. Versant Capital Management Inc boosted its holdings in S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 303 shares during the last quarter. Sterling Capital Management LLC increased its position in S&T Bancorp by 824.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,088 shares during the period. Smartleaf Asset Management LLC increased its position in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 502 shares during the period. Finally, GAMMA Investing LLC raised its holdings in S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares during the last quarter. 65.22% of the stock is owned by institutional investors.

About S&T Bancorp

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.