S&T Bancorp Inc. (NASDAQ:STBA) Director James Thomas Gibson sold 40,344 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $33.50, for a total value of $1,351,524.00. Following the completion of the sale, the director now directly owns 302,486 shares in the company, valued at approximately $10,133,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, November 9th, James Thomas Gibson sold 39,136 shares of S&T Bancorp stock. The shares were sold at an average price of $31.50, for a total value of $1,232,784.00.
  • On Thursday, November 10th, James Thomas Gibson sold 20,520 shares of S&T Bancorp stock. The shares were sold at an average price of $31.50, for a total value of $646,380.00.

S&T Bancorp Inc. (NASDAQ:STBA) opened at 34.82 on Tuesday. The company’s 50-day moving average price is $29.79 and its 200 day moving average price is $27.11. S&T Bancorp Inc. has a 52-week low of $23.06 and a 52-week high of $36.47. The stock has a market capitalization of $1.22 billion, a P/E ratio of 17.03 and a beta of 0.94.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, October 20th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.09. S&T Bancorp had a return on equity of 8.71% and a net margin of 25.70%. During the same quarter in the prior year, the company posted $0.54 EPS. On average, equities research analysts anticipate that S&T Bancorp Inc. will post $2.08 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 1st. 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 2.30%. S&T Bancorp’s dividend payout ratio (DPR) is 39.22%.

Several institutional investors have recently modified their holdings of STBA. Schwab Charles Investment Management Inc. boosted its position in shares of S&T Bancorp by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,394 shares of the financial services provider’s stock valued at $2,920,000 after buying an additional 1,950 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of S&T Bancorp by 4.6% in the first quarter. TIAA CREF Investment Management LLC now owns 121,890 shares of the financial services provider’s stock valued at $3,140,000 after buying an additional 5,339 shares during the period. BlackRock Group LTD boosted its position in shares of S&T Bancorp by 7.0% in the first quarter. BlackRock Group LTD now owns 48,359 shares of the financial services provider’s stock valued at $1,245,000 after buying an additional 3,154 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of 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. Finally, Tower Research Capital LLC TRC purchased a new position in shares of S&T Bancorp during the second quarter valued at about $143,000. Institutional investors own 51.41% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded S&T Bancorp from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research report on Tuesday, October 25th. Piper Jaffray Cos. upgraded S&T Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research report on Monday, October 24th.

About S&T Bancorp

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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