Dean Investment Associates LLC Sells 16,170 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Dean Investment Associates LLC trimmed its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,967 shares of the financial services provider’s stock after selling 16,170 shares during the quarter. Dean Investment Associates LLC’s holdings in S&T Bancorp were worth $2,330,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Mariner LLC increased its stake in shares of S&T Bancorp by 7.5% in the 4th quarter. Mariner LLC now owns 16,511 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 1,156 shares during the last quarter. Barclays PLC boosted its stake in S&T Bancorp by 7.3% in the fourth quarter. Barclays PLC now owns 79,682 shares of the financial services provider’s stock valued at $3,046,000 after buying an additional 5,446 shares in the last quarter. Sterling Capital Management LLC raised its stake in S&T Bancorp by 824.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,088 shares in the last quarter. Bank of Montreal Can raised its stake in S&T Bancorp by 7.7% during the fourth quarter. Bank of Montreal Can now owns 7,550 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 540 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of S&T Bancorp by 89.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 13,280 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 6,255 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Trading Up 1.0 %

Shares of S&T Bancorp stock opened at $34.70 on Friday. The firm’s 50 day moving average is $37.48 and its 200 day moving average is $39.11. The firm has a market capitalization of $1.33 billion, a PE ratio of 10.18 and a beta of 0.75. S&T Bancorp, Inc. has a 1 year low of $28.83 and a 1 year high of $45.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last posted 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%. Equities research analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were given a $0.34 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.92%. S&T Bancorp’s dividend payout ratio is presently 39.88%.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran acquired 764 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $39.25 per share, for a total transaction of $29,987.00. Following the acquisition, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.23% 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.