Proficio Capital Partners LLC Takes Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Proficio Capital Partners LLC bought a new stake in S&T Bancorp, Inc. (NASDAQ:STBA) in the fourth quarter, HoldingsChannel reports. The firm bought 34,283 shares of the financial services provider’s stock, valued at approximately $1,310,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of S&T Bancorp by 86.3% in the 4th quarter. Victory Capital Management Inc. now owns 19,985 shares of the financial services provider’s stock valued at $764,000 after purchasing an additional 9,260 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of S&T Bancorp by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider’s stock valued at $57,067,000 after purchasing an additional 60,617 shares during the period. Bailard Inc. purchased a new position in shares of S&T Bancorp in the 4th quarter valued at approximately $206,000. Smartleaf Asset Management LLC lifted its stake in shares of S&T Bancorp by 67.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 502 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of S&T Bancorp by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 201,695 shares of the financial services provider’s stock valued at $7,709,000 after purchasing an additional 7,027 shares during the period. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Insider Activity at S&T Bancorp

In other S&T Bancorp news, Director Bhaskar Ramachandran bought 764 shares of S&T Bancorp stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $39.25 per share, with a total value of $29,987.00. Following the acquisition, the director now owns 1,251 shares in the company, valued at approximately $49,101.75. This trade represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.38% of the stock is owned by corporate insiders.

S&T Bancorp Trading Down 2.0 %

STBA opened at $37.24 on Friday. S&T Bancorp, Inc. has a 52 week low of $28.83 and a 52 week high of $45.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.42 billion, a PE ratio of 10.92 and a beta of 0.80. The business has a 50 day moving average of $38.69 and a 200-day moving average of $40.11.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. Equities research analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s dividend payout ratio (DPR) is presently 39.88%.

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.