American Century Companies Inc. Acquires 65,375 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

American Century Companies Inc. lifted its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 54.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,495 shares of the financial services provider’s stock after purchasing an additional 65,375 shares during the period. American Century Companies Inc. owned 0.49% of S&T Bancorp worth $5,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STBA. Captrust Financial Advisors raised its stake in S&T Bancorp by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,592 shares of the financial services provider’s stock worth $252,000 after buying an additional 382 shares during the period. Pathstone Family Office LLC raised its stake in S&T Bancorp by 5.4% during the 3rd quarter. Pathstone Family Office LLC now owns 7,699 shares of the financial services provider’s stock worth $226,000 after buying an additional 393 shares during the period. Eaton Vance Management raised its stake in S&T Bancorp by 5.9% during the 1st quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock worth $230,000 after buying an additional 435 shares during the period. First Trust Advisors LP raised its stake in S&T Bancorp by 2.7% during the 1st quarter. First Trust Advisors LP now owns 18,933 shares of the financial services provider’s stock worth $560,000 after buying an additional 494 shares during the period. Finally, FMR LLC raised its stake in shares of S&T Bancorp by 2.8% in the first quarter. FMR LLC now owns 18,499 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 508 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Stock Performance

Shares of STBA opened at $31.76 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.49 and a beta of 0.77. The stock has a 50 day moving average of $31.87 and a 200 day moving average of $30.02. S&T Bancorp, Inc. has a 12 month low of $24.51 and a 12 month high of $36.28.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $103.17 million during the quarter, compared to the consensus estimate of $100.10 million. S&T Bancorp had a return on equity of 11.70% and a net margin of 27.03%. As a group, sell-side analysts forecast that S&T Bancorp, Inc. will post 3.01 earnings per share for the current year.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, February 7th. S&T Bancorp’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Monday.

S&T Bancorp Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.