S&T Bancorp Inc. (NASDAQ:STBA) Director Frank W. Jones sold 1,383 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $34.14, for a total transaction of $47,215.62. Following the transaction, the director now directly owns 25,143 shares of the company’s stock, valued at approximately $858,382.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

S&T Bancorp Inc. (NASDAQ:STBA) traded up 0.97% during mid-day trading on Thursday, reaching $33.27. 129,638 shares of the company were exchanged. The company has a market capitalization of $1161.56 billion, a price-to-earnings ratio of 16.31 and a beta of 0.94. S&T Bancorp Inc. has a 1-year low of $23.06 and a 1-year high of $36.47. The company has a 50 day moving average of $30.07 and a 200-day moving average of $27.21.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $0.54 earnings per share. On average, equities research analysts forecast that S&T Bancorp Inc. will post $2.08 EPS for the current year.

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

The company also recently disclosed 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. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, November 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. S&T Bancorp’s payout ratio is presently 39.22%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STBA. BlackRock Fund Advisors boosted its position in S&T Bancorp by 8.1% in the third quarter. BlackRock Fund Advisors now owns 2,379,387 shares of the financial services provider’s stock worth $68,978,000 after buying an additional 177,272 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of S&T Bancorp by 51.0% in the second quarter. Wedge Capital Management L L P NC now owns 448,661 shares of the financial services provider’s stock valued at $10,970,000 after buying an additional 151,535 shares during the period. Perkins Investment Management LLC raised its stake 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. Vanguard Group Inc. raised its stake in shares of S&T Bancorp by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,872,282 shares of the financial services provider’s stock valued at $70,227,000 after buying an additional 110,031 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of S&T Bancorp by 2.8% in the second quarter. Macquarie Group Ltd. now owns 1,105,702 shares of the financial services provider’s stock valued at $27,034,000 after buying an additional 30,370 shares during the period. 51.41% of the stock is owned by institutional investors.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. Piper Jaffray Cos. upgraded shares of S&T Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Monday, October 24th. Finally, Boenning Scattergood cut shares of S&T Bancorp from an “outperform” rating to a “neutral” rating in a research report on Thursday.

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

Receive News & Stock Ratings for S&T Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&T Bancorp Inc. and related stocks with our FREE daily email newsletter.