S & T Bancorp Inc (STBA) Shares Reduced by Profund Advisors LLC

S & T Bancorp Inc (STBA) Shares Reduced by Profund Advisors LLC

Profund Advisors LLC reduced its position in S & T Bancorp Inc (NASDAQ:STBA) by 29.0% during the first quarter, Holdings Channel reports. The firm owned 7,618 shares of the financial services provider’s stock after selling 3,118 shares during the period. Profund Advisors LLC’s holdings in S & T Bancorp were worth $264,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in S & T Bancorp by 3.0% in the third quarter. BlackRock Inc. now owns 10,230 shares of the financial services provider’s stock worth $296,000 after buying an additional 296 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of S & T Bancorp by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 916,984 shares of the financial services provider’s stock valued at $26,583,000 after buying an additional 10,699 shares during the period. Ameriprise Financial Inc. increased its stake in shares of S & T Bancorp by 2.1% in the third quarter. Ameriprise Financial Inc. now owns 178,478 shares of the financial services provider’s stock valued at $5,174,000 after buying an additional 3,620 shares during the period. Comerica Bank increased its stake in shares of S & T Bancorp by 78.1% in the fourth quarter. Comerica Bank now owns 87,039 shares of the financial services provider’s stock valued at $3,293,000 after buying an additional 38,165 shares during the period. Finally, State Street Corp increased its stake in shares of S & T Bancorp by 10.2% in the fourth quarter. State Street Corp now owns 771,594 shares of the financial services provider’s stock valued at $30,128,000 after buying an additional 71,497 shares during the period. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Shares of S & T Bancorp Inc (NASDAQ:STBA) opened at 34.03 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 16.11 and a beta of 0.95. The firm’s 50-day moving average is $34.91 and its 200-day moving average is $35.97. S & T Bancorp Inc has a 12-month low of $23.06 and a 12-month high of $39.84.

S & T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, April 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company 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 8.61% and a net margin of 25.28%. During the same period in the prior year, the company earned $0.46 earnings per share. On average, equities research analysts anticipate that S & T Bancorp Inc will post $2.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Tuesday, May 2nd. S & T Bancorp’s dividend payout ratio (DPR) is 39.02%.

Separately, Zacks Investment Research downgraded shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 15th.

About S & T Bancorp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:STBA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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