Illinois Municipal Retirement Fund Has $775,000 Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Illinois Municipal Retirement Fund cut its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,282 shares of the financial services provider’s stock after selling 531 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of S&T Bancorp worth $775,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of S&T Bancorp by 4,095.0% during the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 819 shares in the last quarter. Versant Capital Management Inc grew its stake in S&T Bancorp by 48.6% during the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock worth $35,000 after buying an additional 303 shares during the last quarter. KBC Group NV increased its holdings in shares of S&T Bancorp by 55.0% during the fourth quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock worth $89,000 after buying an additional 825 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of S&T Bancorp in the fourth quarter valued at approximately $166,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of S&T Bancorp in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bhaskar Ramachandran acquired 764 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $39.25 per share, for a total transaction of $29,987.00. Following the transaction, the director now owns 1,251 shares of the company’s stock, valued at approximately $49,101.75. This represents a 156.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.38% of the company’s stock.

S&T Bancorp Stock Down 0.1 %

NASDAQ STBA opened at $40.18 on Tuesday. The stock’s 50 day simple moving average is $38.66 and its 200 day simple moving average is $40.43. S&T Bancorp, Inc. has a one year low of $28.83 and a one year high of $45.79. The firm has a market cap of $1.54 billion, a PE ratio of 11.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.38%. The ex-dividend date was Thursday, February 13th. S&T Bancorp’s payout ratio 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.