S&T Bancorp Inc. (NASDAQ:STBA) Director James Thomas Gibson sold 20,520 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $31.50, for a total transaction of $646,380.00. Following the completion of the sale, the director now directly owns 342,830 shares of the company’s stock, valued at $10,799,145. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Friday, November 11th, James Thomas Gibson sold 40,344 shares of S&T Bancorp stock. The stock was sold at an average price of $33.50, for a total transaction of $1,351,524.00.
  • On Wednesday, November 9th, James Thomas Gibson sold 39,136 shares of S&T Bancorp stock. The stock was sold at an average price of $31.50, for a total transaction of $1,232,784.00.

Shares of S&T Bancorp Inc. (NASDAQ:STBA) opened at 34.82 on Tuesday. 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 PE ratio of 17.03 and a beta of 0.94. The company’s 50 day moving average is $29.79 and its 200-day moving average is $27.11.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the 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 period in the previous year, the firm earned $0.54 earnings per share. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Thursday, November 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend 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 yield of 2.30%. S&T Bancorp’s payout ratio is 39.22%.

A number of research firms have recently weighed in on STBA. Zacks Investment Research raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 16th. Piper Jaffray Cos. raised shares of S&T Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Monday, October 24th.

A number of hedge funds and other institutional investors have recently modified their holdings of STBA. Woodmont Investment Counsel LLC purchased a new position in shares of S&T Bancorp during the third quarter valued at about $116,000. The Manufacturers Life Insurance Company purchased a new position in shares of S&T Bancorp during the third quarter valued at about $672,000. Perkins Investment Management LLC boosted its position in shares of S&T Bancorp by 25.2% in the third quarter. Perkins Investment Management LLC now owns 672,857 shares of the financial services provider’s stock valued at $19,506,000 after buying an additional 135,546 shares during the period. Citadel Advisors LLC purchased a new position in shares of S&T Bancorp during the third quarter valued at about $658,000. Finally, Morgan Stanley boosted its position in shares of S&T Bancorp by 80.0% in the third quarter. Morgan Stanley now owns 17,803 shares of the financial services provider’s stock valued at $516,000 after buying an additional 7,912 shares during the period. 51.41% of the stock is owned by institutional investors and hedge funds.

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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