Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in S & T Bancorp Inc (NASDAQ:STBA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,100 shares of the financial services provider’s stock, valued at approximately $1,101,000.

A number of other large investors also recently made changes to their positions in the stock. Huntington National Bank purchased a new stake in S & T Bancorp during the fourth quarter valued at about $57,000. Fort Pitt Capital Group LLC purchased a new stake in S & T Bancorp during the fourth quarter valued at about $311,000. Piedmont Investment Advisors Inc. boosted its position in S & T Bancorp by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,321 shares of the financial services provider’s stock valued at $315,000 after buying an additional 267 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in S & T Bancorp by 10.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,508 shares of the financial services provider’s stock valued at $360,000 after buying an additional 883 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new stake in S & T Bancorp during the fourth quarter valued at about $389,000. Institutional investors own 62.69% of the company’s stock.

In other news, Director James Thomas Gibson bought 12,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was bought at an average cost of $38.89 per share, for a total transaction of $466,680.00. Following the completion of the acquisition, the director now owns 201,780 shares in the company, valued at approximately $7,847,224.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.53% of the company’s stock.

STBA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. BidaskClub lowered shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Finally, Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.

S & T Bancorp stock opened at $37.33 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.29 billion, a PE ratio of 12.40, a PEG ratio of 1.21 and a beta of 0.72. S & T Bancorp Inc has a 1-year low of $35.16 and a 1-year high of $47.77.

S & T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, January 31st. The financial services provider reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.01). The firm had revenue of $70.94 million for the quarter, compared to analysts’ expectations of $72.94 million. S & T Bancorp had a return on equity of 11.52% and a net margin of 31.07%. Sell-side analysts predict that S & T Bancorp Inc will post 3.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.89%. S & T Bancorp’s dividend payout ratio is currently 35.88%.

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

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