Legato Capital Management LLC Sells 4,391 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)

Legato Capital Management LLC trimmed its holdings in shares of S&T Bancorp, Inc. (NASDAQ:STBA) by 14.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,838 shares of the financial services provider’s stock after selling 4,391 shares during the period. Legato Capital Management LLC owned approximately 0.07% of S&T Bancorp worth $988,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in shares of S&T Bancorp by 4,095.0% in 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 lifted its holdings in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 303 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares in the last quarter. KBC Group NV lifted its holdings in shares of S&T Bancorp by 55.0% in the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 825 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of S&T Bancorp in the 4th quarter worth $166,000. 65.22% of the stock is currently owned by institutional investors.

Insider Activity

In other S&T Bancorp news, Director Bhaskar Ramachandran bought 764 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $39.25 per share, with a total value of $29,987.00. Following the transaction, the director now directly owns 1,251 shares in the company, valued at $49,101.75. This trade represents a 156.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.38% of the company’s stock.

Wall Street Analyst Weigh In

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

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $39.65 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $39.09 and its two-hundred day simple moving average is $40.54. S&T Bancorp, Inc. has a 1-year low of $28.83 and a 1-year high of $45.79. The stock has a market cap of $1.52 billion, a PE ratio of 11.63 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, beating 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, analysts forecast that S&T Bancorp, Inc. will post 3.05 EPS for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp’s dividend 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.