Macquarie Group Ltd. lessened its holdings in S&T Bancorp, Inc. (NASDAQ:STBA) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,049,223 shares of the financial services provider’s stock after selling 710 shares during the quarter. Macquarie Group Ltd. owned approximately 3.00% of S&T Bancorp worth $37,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its position in S&T Bancorp by 48,472.8% in the 1st quarter. BlackRock Inc. now owns 4,308,406 shares of the financial services provider’s stock valued at $149,072,000 after acquiring an additional 4,299,536 shares during the last quarter. Vanguard Group Inc. grew its position in S&T Bancorp by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 3,189,834 shares of the financial services provider’s stock valued at $110,368,000 after acquiring an additional 103,048 shares during the last quarter. Dimensional Fund Advisors LP grew its position in S&T Bancorp by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,662,587 shares of the financial services provider’s stock valued at $59,621,000 after acquiring an additional 59,351 shares during the last quarter. Northern Trust Corp grew its position in S&T Bancorp by 1.8% in the 2nd quarter. Northern Trust Corp now owns 951,893 shares of the financial services provider’s stock valued at $34,134,000 after acquiring an additional 16,887 shares during the last quarter. Finally, State Street Corp grew its position in S&T Bancorp by 6.0% in the 1st quarter. State Street Corp now owns 817,552 shares of the financial services provider’s stock valued at $28,292,000 after acquiring an additional 45,958 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

STBA has been the topic of several research analyst reports. Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Tuesday, July 25th. BidaskClub downgraded S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price objective on shares of S&T Bancorp in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.67.

In other news, Director Robert Edward Kane acquired 1,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $35.10 per share, with a total value of $35,100.00. Following the completion of the purchase, the director now owns 1,997 shares of the company’s stock, valued at approximately $70,094.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David P. Ruddock sold 4,414 shares of S&T Bancorp stock in a transaction on Friday, August 18th. The shares were sold at an average price of $35.00, for a total value of $154,490.00. Following the completion of the sale, the insider now directly owns 10,004 shares of the company’s stock, valued at $350,140. The disclosure for this sale can be found here. Insiders sold 6,739 shares of company stock valued at $239,098 over the last ninety days. Insiders own 2.71% of the company’s stock.

S&T Bancorp, Inc. (STBA) traded up 0.42% during trading on Monday, hitting $40.90. The stock had a trading volume of 4,238 shares. The company has a market cap of $1.43 billion, a P/E ratio of 17.98 and a beta of 0.86. S&T Bancorp, Inc. has a one year low of $25.85 and a one year high of $41.00. The firm has a 50 day moving average of $37.24 and a 200-day moving average of $35.87.

S&T Bancorp (NASDAQ:STBA) last issued 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 return on equity of 9.30% and a net margin of 26.52%. The business had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $71.98 million. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities analysts anticipate that S&T Bancorp, Inc. will post $2.30 earnings per share for the current fiscal year.

WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/09/st-bancorp-inc-stba-shares-sold-by-macquarie-group-ltd.html.

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.

Want to see what other hedge funds are holding STBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&T Bancorp, Inc. (NASDAQ:STBA).

Institutional Ownership by Quarter for S&T Bancorp (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.