S&T Bancorp Inc. (NASDAQ:STBA) Director James Thomas Gibson sold 39,136 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $31.50, for a total value of $1,232,784.00. Following the sale, the director now directly owns 363,350 shares in the company, valued at approximately $11,445,525. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

James Thomas Gibson also recently made the following trade(s):

  • On Thursday, November 10th, James Thomas Gibson sold 20,520 shares of S&T Bancorp stock. The stock was sold at an average price of $31.50, for a total value of $646,380.00.

S&T Bancorp Inc. (NASDAQ:STBA) opened at 34.88 on Monday. S&T Bancorp Inc. has a 12-month low of $23.06 and a 12-month high of $34.89. The company has a market cap of $1.22 billion, a PE ratio of 17.06 and a beta of 0.94. The firm has a 50 day moving average price of $29.62 and a 200 day moving average price of $27.03.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.09. S&T Bancorp had a net margin of 25.70% and a return on equity of 8.71%. During the same quarter in the previous year, the company earned $0.54 EPS. On average, analysts anticipate that S&T Bancorp Inc. will post $2.08 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for S&T Bancorp (NASDAQ:STBA)

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be paid a dividend of $0.20 per share. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, November 1st. S&T Bancorp’s dividend payout ratio is 39.22%.

Several hedge funds have recently added to or reduced their stakes in STBA. State Board of Administration of Florida Retirement System boosted its stake in S&T Bancorp by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 34,010 shares of the financial services provider’s stock valued at $832,000 after buying an additional 101 shares during the period. Emerald Acquisition Ltd. bought a new stake in S&T Bancorp during the second quarter valued at approximately $724,000. Swiss National Bank boosted its stake in S&T Bancorp by 6.7% in the second quarter. Swiss National Bank now owns 55,600 shares of the financial services provider’s stock valued at $1,359,000 after buying an additional 3,500 shares during the period. Suntrust Banks Inc. boosted its stake in S&T Bancorp by 0.3% in the second quarter. Suntrust Banks Inc. now owns 100,307 shares of the financial services provider’s stock valued at $2,451,000 after buying an additional 309 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in S&T Bancorp by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the financial services provider’s stock valued at $379,000 after buying an additional 100 shares during the period. 51.41% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on STBA. Zacks Investment Research raised S&T Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Piper Jaffray Cos. raised S&T Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price on the stock in a report on Monday, October 24th.

S&T Bancorp Company Profile

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc and STBA Capital Trust I. S&T operates in three segments: Community Banking, Wealth Management and Insurance. The Company’s community banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans.

5 Day Chart for NASDAQ:STBA

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