S&T Bancorp Inc. (NASDAQ:STBA) Director James Thomas Gibson sold 10,547 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $34.78, for a total transaction of $366,824.66. Following the completion of the sale, the director now directly owns 291,939 shares in the company, valued at approximately $10,153,638.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were 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 shares were sold at an average price of $31.50, for a total transaction 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 transaction of $646,380.00.

S&T Bancorp Inc. (NASDAQ:STBA) opened at 33.22 on Friday. The firm’s 50-day moving average is $30.19 and its 200 day moving average is $27.25. The company has a market capitalization of $1.16 billion, a PE ratio of 16.24 and a beta of 0.94. S&T Bancorp Inc. has a one year low of $23.06 and a one year high of $36.47.

S&T Bancorp (NASDAQ:STBA) last announced 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 quarter in the previous year, the firm posted $0.54 EPS. On average, equities analysts expect that S&T Bancorp Inc. will post $2.08 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Thursday, November 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Tuesday, November 1st. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.19. S&T Bancorp’s payout ratio is 39.22%.

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of S&T Bancorp by 3,109.5% in the third quarter. Advisors Asset Management Inc. now owns 3,723 shares of the financial services provider’s stock valued at $108,000 after buying an additional 3,607 shares during the period. Victory Capital Management Inc. bought a new position in S&T Bancorp during the third quarter valued at approximately $113,000. Woodmont Investment Counsel LLC bought a new position in S&T Bancorp during the third quarter valued at approximately $116,000. PineBridge Investments L.P. raised its position in S&T Bancorp by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,426 shares of the financial services provider’s stock valued at $108,000 after buying an additional 173 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in S&T Bancorp during the second quarter valued at approximately $113,000. 51.41% of the stock is currently owned by institutional investors.

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

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