6,692 Shares in S&T Bancorp, Inc. (NASDAQ:STBA) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC acquired a new position in S&T Bancorp, Inc. (NASDAQ:STBA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,692 shares of the financial services provider’s stock, valued at approximately $224,000.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of S&T Bancorp by 289.7% during the third quarter. SG Americas Securities LLC now owns 23,922 shares of the financial services provider’s stock worth $648,000 after buying an additional 17,784 shares during the period. Brookstone Capital Management boosted its position in shares of S&T Bancorp by 3.6% during the third quarter. Brookstone Capital Management now owns 54,942 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 1,929 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of S&T Bancorp by 6.0% during the third quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock worth $247,000 after buying an additional 512 shares during the period. Waldron Private Wealth LLC boosted its position in shares of S&T Bancorp by 581.2% during the third quarter. Waldron Private Wealth LLC now owns 146,558 shares of the financial services provider’s stock worth $3,968,000 after buying an additional 125,042 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of S&T Bancorp by 6.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,310 shares of the financial services provider’s stock worth $577,000 after buying an additional 1,212 shares during the period. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd.

S&T Bancorp Stock Up 1.2 %

Shares of NASDAQ STBA opened at $31.15 on Wednesday. The stock has a market cap of $1.19 billion, a P/E ratio of 8.82 and a beta of 0.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. S&T Bancorp, Inc. has a 12-month low of $24.51 and a 12-month high of $36.28. The business’s fifty day simple moving average is $30.95 and its 200-day simple moving average is $30.52.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The business had revenue of $103.17 million for the quarter, compared to analysts’ expectations of $100.10 million. S&T Bancorp had a return on equity of 10.86% and a net margin of 24.68%. As a group, equities analysts predict that S&T Bancorp, Inc. will post 3 EPS for the current fiscal year.

S&T Bancorp Company 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.