Avantax Advisory Services Inc. Buys 774 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Avantax Advisory Services Inc. increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 31,444 shares of the financial services provider’s stock after acquiring an additional 774 shares during the period. Avantax Advisory Services Inc.’s holdings in S&T Bancorp were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 303 shares during the period. Smartleaf Asset Management LLC raised its holdings in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 502 shares during the period. KBC Group NV raised its holdings in S&T Bancorp by 55.0% during the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 825 shares during the period. SG Americas Securities LLC purchased a new stake in shares of S&T Bancorp during the fourth quarter worth $166,000. Finally, Bailard Inc. bought a new position in shares of S&T Bancorp in the fourth quarter worth $206,000. 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 that occurred on Thursday, February 13th. The shares were bought 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 is available at the SEC website. 1.38% of the stock is currently owned by insiders.

S&T Bancorp Stock Up 0.4 %

STBA stock opened at $38.01 on Thursday. The stock has a 50-day simple moving average of $38.68 and a two-hundred day simple moving average of $40.13. S&T Bancorp, Inc. has a twelve month low of $28.83 and a twelve month high of $45.79. The firm has a market capitalization of $1.45 billion, a PE ratio of 11.15 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

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 (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. On average, equities analysts predict that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. S&T Bancorp’s dividend payout ratio (DPR) is presently 39.88%.

About S&T Bancorp

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.