S&T Bancorp, Inc. (STBA)

Amalgamated Bank Has $486,000 Stock Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Amalgamated Bank cut its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA – Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,540 shares of the financial services provider’s stock after selling 398 shares during the period. Amalgamated Bank’s holdings in S&T Bancorp were worth $486,000 at the end of the most recent quarter. A number of other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in S&T Bancorp by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 512 shares during the last quarter. Diversified Trust Co boosted its position in shares of S&T Bancorp by 5.7% in the fourth quarter. Diversified Trust Co now owns 10,786 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 584 shares during the period. Swiss National Bank grew its stake in shares of S&T Bancorp by 0.8% in the third quarter. Swiss National Bank now owns 85,700 shares of the financial services provider’s stock valued at $2,321,000 after acquiring an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in 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 worth $149,000 after acquiring an additional 835 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in S&T Bancorp by 6.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,310 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 1,212 shares in the last quarter. Institutional investors own 65.22% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Get Our Latest Stock Analysis on STBA S&T Bancorp Stock Up 2.3 % Shares of NASDAQ STBA opened at $33.10 on Monday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 9.38 and a beta of 0.78. The stock’s fifty day moving average is $31.00 and its 200 day moving average is $31.13. S&T Bancorp, Inc. has a 52 week low of $24.51 and a 52 week high of $36.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. S&T Bancorp (NASDAQ:STBA – Get Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The company had revenue of $96.31 million during the quarter, compared to analysts’ expectations of $96.30 million. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3 earnings per share for the current fiscal year. S&T Bancorp Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.99%. S&T Bancorp’s dividend payout ratio (DPR) is currently 37.39%. S&T Bancorp Profile (Free Report) 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. Read More Five stocks we like better than S&T Bancorp What is an Earnings Surprise? MarketBeat Week in Review – 5/13 – 5/17 Utilities Stocks Explained – How and Why to Invest in Utilities Take-Two Interactive Software Offers 2nd Chance for Investors What is a Dividend King? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook 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 – Free Report).