S&T Bancorp Inc. (STBA) Director John J. Delaney Sells 5,000 Shares
S&T Bancorp Inc. (NASDAQ:STBA) Director John J. Delaney sold 5,000 shares of S&T Bancorp stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $34.33, for a total value of $171,650.00. Following the completion of the sale, the director now owns 40,368 shares of the company’s stock, valued at $1,385,833.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of S&T Bancorp Inc. (NASDAQ:STBA) traded up 0.43% on Wednesday, hitting $35.20. The company had a trading volume of 16,186 shares. The stock has a market capitalization of $1.23 billion, a PE ratio of 17.21 and a beta of 0.94. S&T Bancorp Inc. has a 52 week low of $23.06 and a 52 week high of $36.47. The firm’s 50 day moving average price is $30.67 and its 200-day moving average price is $27.49.
S&T Bancorp (NASDAQ:STBA) last issued 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 previous year, the firm posted $0.54 earnings per share. Analysts forecast that S&T Bancorp Inc. will post $2.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 3rd were issued a dividend of $0.20 per share. 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. This represents a $0.80 annualized dividend and a yield of 2.28%. S&T Bancorp’s dividend payout ratio is currently 39.22%.
A number of brokerages have commented on STBA. Piper Jaffray Cos. cut S&T Bancorp from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research note on Wednesday, November 16th. Boenning Scattergood cut S&T Bancorp from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 17th. Finally, Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, October 25th.
A number of large investors have recently modified their holdings of the stock. Credit Suisse AG boosted its stake in shares of S&T Bancorp by 6.1% in the third quarter. Credit Suisse AG now owns 58,969 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 3,395 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of S&T Bancorp during the third quarter valued at $116,000. The Manufacturers Life Insurance Company bought a new stake in shares of S&T Bancorp during the third quarter valued at $672,000. Perkins Investment Management LLC boosted 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 in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of S&T Bancorp during the third quarter valued at $658,000. Institutional investors own 51.63% of the company’s stock.
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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.
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