S&T Bancorp, Inc. (NASDAQ:STBA) insider Thomas J. Sposito II sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $35.29, for a total transaction of $44,112.50. Following the sale, the insider now directly owns 25,488 shares in the company, valued at approximately $899,471.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

S&T Bancorp, Inc. (NASDAQ:STBA) traded down 0.03% during mid-day trading on Friday, hitting $35.66. 33,532 shares of the company’s stock were exchanged. S&T Bancorp, Inc. has a 12 month low of $25.85 and a 12 month high of $39.84. The stock’s 50 day moving average price is $36.53 and its 200-day moving average price is $35.58. The stock has a market cap of $1.25 billion, a PE ratio of 15.67 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. S&T Bancorp had a net margin of 26.52% and a return on equity of 9.30%. The business had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $71.98 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. Equities analysts expect that S&T Bancorp, Inc. will post $2.30 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Tuesday, August 1st. S&T Bancorp’s dividend payout ratio (DPR) is 35.24%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in S&T Bancorp by 48,472.8% in the first quarter. BlackRock Inc. now owns 4,308,406 shares of the financial services provider’s stock worth $149,072,000 after buying an additional 4,299,536 shares during the period. Vanguard Group Inc. boosted its position in S&T Bancorp by 3.3% in the first quarter. Vanguard Group Inc. now owns 3,189,834 shares of the financial services provider’s stock worth $110,368,000 after buying an additional 103,048 shares during the period. Dimensional Fund Advisors LP boosted its position in S&T Bancorp by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,603,236 shares of the financial services provider’s stock worth $55,472,000 after buying an additional 80,619 shares during the period. Prudential Financial Inc. boosted its position in S&T Bancorp by 39.0% in the first quarter. Prudential Financial Inc. now owns 245,878 shares of the financial services provider’s stock worth $8,508,000 after buying an additional 69,020 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in S&T Bancorp by 31.3% in the first quarter. Ameriprise Financial Inc. now owns 239,077 shares of the financial services provider’s stock worth $8,272,000 after buying an additional 57,014 shares during the period. Institutional investors and hedge funds own 53.89% of the company’s stock.

STBA has been the topic of a number of research reports. BidaskClub raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of S&T Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.50 target price on shares of S&T Bancorp in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.83.

About S&T Bancorp

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.

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

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