Empowered Funds LLC Boosts Holdings in S&T Bancorp, Inc. (NASDAQ:STBA)

Empowered Funds LLC grew its position in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 136,854 shares of the financial services provider’s stock after buying an additional 6,620 shares during the period. Empowered Funds LLC’s holdings in S&T Bancorp were worth $5,231,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of S&T Bancorp by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider’s stock worth $60,122,000 after acquiring an additional 43,268 shares during the period. Geode Capital Management LLC boosted its holdings in S&T Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider’s stock valued at $38,850,000 after purchasing an additional 10,603 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in S&T Bancorp during the 4th quarter worth approximately $3,297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of S&T Bancorp by 5.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,164 shares of the financial services provider’s stock worth $3,155,000 after buying an additional 4,133 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of S&T Bancorp by 124.4% in the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock valued at $3,116,000 after buying an additional 41,148 shares during the period. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Stock Performance

Shares of STBA opened at $40.97 on Wednesday. The company has a market capitalization of $1.57 billion, a PE ratio of 12.01 and a beta of 0.84. S&T Bancorp, Inc. has a 52-week low of $28.83 and a 52-week high of $45.79. The company has a 50-day simple moving average of $39.19 and a 200-day simple moving average of $40.58. 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 issued its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. Equities research analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.32%. S&T Bancorp’s dividend payout ratio is presently 39.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

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.