Russell Investments Group Ltd. Purchases 8,038 Shares of S&T Bancorp, Inc. (STBA)

Russell Investments Group Ltd. increased its position in S&T Bancorp, Inc. (NASDAQ:STBA) by 311.7% during the first quarter, Holdings Channel reports. The fund owned 10,617 shares of the financial services provider’s stock after buying an additional 8,038 shares during the period. Russell Investments Group Ltd.’s holdings in S&T Bancorp were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in shares of S&T Bancorp by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,850 shares of the financial services provider’s stock worth $133,000 after buying an additional 70 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of S&T Bancorp by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the financial services provider’s stock worth $491,000 after buying an additional 200 shares in the last quarter. Teachers Advisors LLC increased its position in shares of S&T Bancorp by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 59,901 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 634 shares in the last quarter. Norges Bank acquired a new position in shares of S&T Bancorp during the fourth quarter worth $12,202,000. Finally, Thrivent Financial for Lutherans increased its position in shares of S&T Bancorp by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,830 shares of the financial services provider’s stock worth $735,000 after buying an additional 740 shares in the last quarter. 54.19% of the stock is owned by institutional investors.

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) opened at 36.92 on Monday. The stock has a market cap of $1.29 billion, a PE ratio of 17.48 and a beta of 0.83. The stock’s 50 day moving average is $34.84 and its 200-day moving average is $35.97. S&T Bancorp, Inc. has a 12-month low of $23.98 and a 12-month high of $39.84.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. The firm had revenue of $66.87 million for the quarter, compared to the consensus estimate of $68.26 million. S&T Bancorp had a return on equity of 8.75% and a net margin of 25.72%. During the same quarter last year, the firm earned $0.46 EPS. Equities analysts expect that S&T Bancorp, Inc. will post $2.24 EPS for the current year.

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A number of equities analysts have weighed in on STBA shares. Zacks Investment Research raised shares of S&T Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, March 30th. BidaskClub raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

S&T Bancorp Company Profile

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.

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).

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

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