Dimensional Fund Advisors LP Cuts Stock Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Dimensional Fund Advisors LP decreased its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,420,177 shares of the financial services provider’s stock after selling 3,673 shares during the quarter. Dimensional Fund Advisors LP owned 6.33% of S&T Bancorp worth $92,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of STBA. Versant Capital Management Inc boosted its stake 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 worth $35,000 after buying an additional 303 shares in the last quarter. Sterling Capital Management LLC boosted its stake in S&T Bancorp by 824.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,088 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in S&T Bancorp by 67.7% in the fourth 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 last quarter. KBC Group NV lifted its position in S&T Bancorp by 55.0% in the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 825 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in S&T Bancorp in the fourth quarter valued at approximately $153,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their target price on S&T Bancorp from $44.00 to $43.00 and set a “market perform” rating for the company in a report on Monday.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran bought 764 shares of S&T Bancorp stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $39.25 per share, with a total value of $29,987.00. Following the completion of the acquisition, the director now owns 1,251 shares in the company, valued at approximately $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.23% of the stock is owned by corporate insiders.

S&T Bancorp Trading Up 2.4 %

NASDAQ:STBA opened at $36.88 on Tuesday. S&T Bancorp, Inc. has a one year low of $29.85 and a one year high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day simple moving average is $36.86 and its 200 day simple moving average is $38.91. The firm has a market capitalization of $1.41 billion, a P/E ratio of 10.82 and a beta of 0.75.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $93.75 million for the quarter, compared to analyst estimates of $96.40 million. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. As a group, analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.69%. S&T Bancorp’s payout ratio is 39.19%.

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.