Amalgamated Bank Sells 331 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Amalgamated Bank decreased its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,346 shares of the financial services provider’s stock after selling 331 shares during the quarter. Amalgamated Bank’s holdings in S&T Bancorp were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of S&T Bancorp by 4,095.0% during the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 819 shares during the last quarter. GAMMA Investing LLC increased its position in shares of S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 526 shares during the last quarter. Innealta Capital LLC bought a new position in shares of S&T Bancorp during the 2nd quarter valued at approximately $53,000. EntryPoint Capital LLC increased its position in shares of S&T Bancorp by 188.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,863 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of S&T Bancorp during the 1st quarter valued at approximately $152,000. Institutional investors own 65.22% of the company’s stock.

Insider Buying and Selling at S&T Bancorp

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the transaction, the director now owns 23,143 shares of the company’s stock, valued at $1,000,009.03. This represents a 17.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

S&T Bancorp Stock Performance

NASDAQ STBA opened at $42.34 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 12.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $40.79 and its 200-day moving average price is $37.70. S&T Bancorp, Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $45.79.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $96.35 million for the quarter, compared to the consensus estimate of $98.90 million. S&T Bancorp had a return on equity of 10.25% and a net margin of 23.69%. Sell-side analysts predict that S&T Bancorp, Inc. will post 3.36 earnings per share for the current year.

S&T Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33. S&T Bancorp’s dividend payout ratio is 38.75%.

About S&T Bancorp

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.