S & T Bancorp Inc (STBA) Holdings Raised by BlackRock Inc.

BlackRock Inc. boosted its holdings in S & T Bancorp Inc (NASDAQ:STBA) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,843,292 shares of the financial services provider’s stock after purchasing an additional 297,656 shares during the quarter. BlackRock Inc. owned about 13.83% of S & T Bancorp worth $209,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of S & T Bancorp by 11.8% during the first quarter. Wells Fargo & Company MN now owns 65,068 shares of the financial services provider’s stock worth $2,598,000 after buying an additional 6,866 shares during the last quarter. Rhumbline Advisers grew its stake in shares of S & T Bancorp by 1.4% during the first quarter. Rhumbline Advisers now owns 100,147 shares of the financial services provider’s stock worth $4,000,000 after buying an additional 1,336 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of S & T Bancorp in the first quarter worth $142,000. Victory Capital Management Inc. grew its stake in shares of S & T Bancorp by 44.7% in the first quarter. Victory Capital Management Inc. now owns 8,680 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of S & T Bancorp by 3.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 184,468 shares of the financial services provider’s stock worth $7,368,000 after purchasing an additional 5,381 shares during the last quarter. 60.40% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:STBA opened at $42.38 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.52 billion, a PE ratio of 17.16 and a beta of 0.61. S & T Bancorp Inc has a one year low of $37.79 and a one year high of $47.77.

S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. S & T Bancorp had a net margin of 24.39% and a return on equity of 10.41%. The business had revenue of $70.65 million during the quarter, compared to the consensus estimate of $70.06 million. On average, equities analysts predict that S & T Bancorp Inc will post 2.88 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. BidaskClub cut shares of S & T Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. Zacks Investment Research lowered shares of S & T Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, DA Davidson started coverage on shares of S & T Bancorp in a report on Thursday, August 23rd. They issued a “buy” rating and a $54.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. S & T Bancorp presently has an average rating of “Hold” and a consensus price target of $47.13.

In other S & T Bancorp news, Director Christina Anne Cassotis purchased 1,457 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were bought at an average cost of $46.49 per share, for a total transaction of $67,735.93. Following the purchase, the director now owns 1,636 shares of the company’s stock, valued at approximately $76,057.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $46.44, for a total transaction of $232,200.00. Following the sale, the director now owns 39,948 shares in the company, valued at $1,855,185.12. The disclosure for this sale can be found here. 2.53% of the stock is owned by corporate insiders.

S & T Bancorp Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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Institutional Ownership by Quarter for S & T Bancorp (NASDAQ:STBA)

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