CoreFirst Bank & Trust Purchases New Stake in S&T Bancorp, Inc. (NASDAQ:STBA)

CoreFirst Bank & Trust acquired a new position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,000 shares of the financial services provider’s stock, valued at approximately $153,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of S&T Bancorp by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,616,780 shares of the financial services provider’s stock valued at $176,453,000 after acquiring an additional 160,453 shares during the period. KLP Kapitalforvaltning AS bought a new position in S&T Bancorp during the fourth quarter valued at $313,000. Swiss National Bank grew its holdings in S&T Bancorp by 0.8% during the fourth quarter. Swiss National Bank now owns 75,200 shares of the financial services provider’s stock valued at $2,874,000 after purchasing an additional 600 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in S&T Bancorp in the fourth quarter worth $474,000. Finally, Avantax Advisory Services Inc. raised its stake in shares of S&T Bancorp by 2.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 31,444 shares of the financial services provider’s stock valued at $1,202,000 after buying an additional 774 shares during the period. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Stock Up 2.5 %

STBA stock opened at $37.94 on Tuesday. The stock has a fifty day moving average of $38.77 and a 200-day moving average of $40.01. S&T Bancorp, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $45.79. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.13 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. As a group, equities research analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a $0.34 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.58%. S&T Bancorp’s dividend payout ratio is 39.88%.

Insider Buying and Selling at S&T Bancorp

In related news, Director Bhaskar Ramachandran bought 764 shares of S&T Bancorp stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $39.25 per share, with a total value of $29,987.00. Following the acquisition, the director now directly owns 1,251 shares of the company’s stock, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.38% of the company’s stock.

S&T Bancorp Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.