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.

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

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.

WARNING: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/23/st-bancorp-inc-stba-director-john-j-delaney-sells-5000-shares.html.

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.