S&t Bankpa buys $48,610,670 stake in S & T Bancorp Inc (STBA)

S & T Bancorp Inc (STBA) : S&t Bankpa scooped up 26,217 additional shares in S & T Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,396,056 shares of S & T Bancorp Inc which is valued at $48,610,670.S & T Bancorp Inc makes up approximately 7.76% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management reduced its stake in STBA by selling 2,519 shares or 10.07% in the most recent quarter. The Hedge Fund company now holds 22,507 shares of STBA which is valued at $783,694.Los Angeles Capital Management Equity Research Inc reduced its stake in STBA by selling 125 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 19,559 shares of STBA which is valued at $615,913.Louisiana State Employees Retirement System reduced its stake in STBA by selling 100 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 15,400 shares of STBA which is valued at $485,716. S & T Bancorp Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

S & T Bancorp Inc opened for trading at $33.37 and hit $34.1 on the upside on Monday, eventually ending the session at $34.09, with a gain of 2.62% or 0.87 points. The heightened volatility saw the trading volume jump to 3,99,139 shares. Company has a market cap of $1,190 M.

On the company’s financial health, S & T Bancorp Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 64.21.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on S & T Bancorp Inc. S & T Bancorp Inc was Downgraded by Piper Jaffray to ” Neutral” on Nov 16, 2016. S & T Bancorp Inc was Upgraded by Piper Jaffray to ” Overweight” on Oct 24, 2016.

S&T Bancorp Inc. (S&T) is a bank holding company. The Company operates through its wholly owned subsidiaries including S&T Bank 9th Street Holdings Inc. and STBA Capital Trust I. S&T operates in three segments: Community Banking which offers services which include accepting time and demand deposits originating commercial and consumer loans and providing letters of credit and credit card services; Wealth Management which offers discount brokerage services services as executor and trustee under wills and deeds guardian and custodian of employee benefits and other trust and brokerage services as well as a registered investment advisor that manages private investment accounts for individuals and institutions and Insurance includes an insurance agency offering commercial property and casualty insurance group life and health coverage employee benefit solutions and personal insurance lines. S&T owns a one-half interest in Commonwealth Trust Credit Life Insurance Company.

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