Global Retirement Partners LLC Buys Shares of 77,554 S&T Bancorp, Inc. $STBA

Global Retirement Partners LLC bought a new stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 77,554 shares of the financial services provider’s stock, valued at approximately $3,052,000. Global Retirement Partners LLC owned 0.20% of S&T Bancorp at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in STBA. Royal Bank of Canada lifted its position in S&T Bancorp by 10.1% during the 1st quarter. Royal Bank of Canada now owns 13,147 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 1,206 shares during the period. AQR Capital Management LLC lifted its position in S&T Bancorp by 54.9% during the 1st quarter. AQR Capital Management LLC now owns 36,148 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 12,810 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in S&T Bancorp by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,756 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 1,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in S&T Bancorp by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,837 shares of the financial services provider’s stock valued at $3,884,000 after purchasing an additional 7,286 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of S&T Bancorp in the 1st quarter valued at approximately $4,211,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Trading Down 0.3%

Shares of S&T Bancorp stock opened at $44.86 on Friday. The business has a fifty day simple moving average of $42.96 and a two-hundred day simple moving average of $41.70. S&T Bancorp, Inc. has a 1 year low of $34.01 and a 1 year high of $45.36. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.57 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.07. S&T Bancorp had a return on equity of 9.35% and a net margin of 23.71%.The business had revenue of $102.08 million during the quarter, compared to the consensus estimate of $103.62 million. Research analysts forecast that S&T Bancorp, Inc. will post 3.75 EPS for the current year.

S&T Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a $0.37 dividend. The ex-dividend date is Thursday, May 14th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.3%. S&T Bancorp’s dividend payout ratio (DPR) is 41.46%.

Analyst Ratings Changes

A number of brokerages recently weighed in on STBA. Zacks Research downgraded shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th. Janney Montgomery Scott raised shares of S&T Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Monday, January 26th. Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, DA Davidson initiated coverage on shares of S&T Bancorp in a research note on Wednesday, February 25th. They set a “neutral” rating and a $47.00 price target for the company. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.40.

S&T Bancorp Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.