S & T Bancorp Inc (NASDAQ:STBA) CEO Todd D. Brice Purchases 2,036 Shares

S & T Bancorp Inc (NASDAQ:STBA) CEO Todd D. Brice acquired 2,036 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $37.31 per share, with a total value of $75,963.16. Following the completion of the acquisition, the chief executive officer now owns 91,520 shares in the company, valued at $3,414,611.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:STBA traded up $0.10 during trading hours on Tuesday, reaching $37.47. The company had a trading volume of 93,029 shares, compared to its average volume of 90,614. The company has a current ratio of 0.98, a quick 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 company has a market cap of $1.27 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.27 and a beta of 0.70.

S & T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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. Research analysts forecast 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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Wednesday, May 1st. S & T Bancorp’s dividend payout ratio (DPR) is presently 35.88%.

A number of large investors have recently bought and sold shares of STBA. Denali Advisors LLC grew its position in S & T Bancorp by 3,853.2% in the 1st quarter. Denali Advisors LLC now owns 4,309 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 4,200 shares during the period. Lido Advisors LLC bought a new stake in S & T Bancorp in the 1st quarter worth approximately $208,000. Everence Capital Management Inc. bought a new stake in S & T Bancorp in the 1st quarter worth approximately $236,000. Millennium Management LLC grew its position in S & T Bancorp by 47.0% in the 4th quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 2,216 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in S & T Bancorp by 6.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,391 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 424 shares during the period. 60.27% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. ValuEngine upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Finally, BidaskClub upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $51.00.

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About S & T Bancorp

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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