Handelsbanken Fonder AB purchased a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,216 shares of the financial services provider’s stock, valued at approximately $241,000.
Other large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of S&T Bancorp during the third quarter valued at about $135,000. Allspring Global Investments Holdings LLC grew its stake in shares of S&T Bancorp by 17.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the financial services provider’s stock valued at $149,000 after buying an additional 835 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of S&T Bancorp during the fourth quarter valued at about $224,000. Commonwealth Equity Services LLC grew its stake in shares of S&T Bancorp by 6.0% during the third quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock valued at $247,000 after buying an additional 512 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of S&T Bancorp by 32.2% during the third quarter. Alps Advisors Inc. now owns 12,320 shares of the financial services provider’s stock valued at $334,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.
S&T Bancorp Stock Up 0.1 %
NASDAQ STBA opened at $31.55 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $1.21 billion, a PE ratio of 8.94 and a beta of 0.78. S&T Bancorp, Inc. has a 1 year low of $24.51 and a 1 year high of $36.28. The business’s 50-day moving average is $30.86 and its 200 day moving average is $30.67.
S&T Bancorp Announces Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd.
Read Our Latest Analysis on STBA
S&T Bancorp Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.
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