S & T Bancorp Inc (NASDAQ:STBA) Director Jerry Delmar Hostetter Buys 473 Shares

S & T Bancorp Inc (NASDAQ:STBA) Director Jerry Delmar Hostetter purchased 473 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $36.68 per share, for a total transaction of $17,349.64. Following the completion of the transaction, the director now directly owns 12,356 shares of the company’s stock, valued at $453,218.08. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ STBA traded up $0.10 during mid-day trading on Tuesday, hitting $37.47. 93,029 shares of the stock traded hands, compared to its average volume of 90,614. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. S & T Bancorp Inc has a 52 week low of $35.16 and a 52 week high of $47.77. The firm has a market capitalization of $1.27 billion, a PE ratio of 12.45, a P/E/G ratio of 1.27 and a beta of 0.70.

S & T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). S & T Bancorp had a return on equity of 11.02% and a net margin of 29.41%. The company had revenue of $71.72 million during the quarter, compared to the consensus estimate of $72.39 million. On average, research analysts anticipate that S & T Bancorp Inc will post 2.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, May 1st. S & T Bancorp’s dividend payout ratio (DPR) is 35.88%.

A number of institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. boosted its stake in S & T Bancorp by 1.1% during the first quarter. Macquarie Group Ltd. now owns 1,080,410 shares of the financial services provider’s stock valued at $42,709,000 after buying an additional 12,109 shares during the last quarter. Geode Capital Management LLC boosted its stake in S & T Bancorp by 7.6% during the first quarter. Geode Capital Management LLC now owns 439,226 shares of the financial services provider’s stock valued at $17,362,000 after buying an additional 31,005 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in S & T Bancorp by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 198,607 shares of the financial services provider’s stock valued at $7,851,000 after buying an additional 4,720 shares during the last quarter. Renaissance Technologies LLC boosted its stake in S & T Bancorp by 25.4% during the first quarter. Renaissance Technologies LLC now owns 56,700 shares of the financial services provider’s stock valued at $2,241,000 after buying an additional 11,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in S & T Bancorp by 7.8% during the first quarter. The Manufacturers Life Insurance Company now owns 21,179 shares of the financial services provider’s stock valued at $837,000 after buying an additional 1,528 shares during the last quarter. 60.27% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. BidaskClub upgraded S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. ValuEngine lowered S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Finally, Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.00.

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S & T Bancorp Company 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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