S&t Bankpa Lowers stake in S & T Bancorp Inc (STBA)

S & T Bancorp Inc (STBA) : S&t Bankpa reduced its stake in S & T Bancorp Inc by 0.63% during the most recent quarter end. The investment management company now holds a total of 1,369,839 shares of S & T Bancorp Inc which is valued at $36,150,051 after selling 8,744 shares in S & T Bancorp Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.S & T Bancorp Inc makes up approximately 5.67% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd added STBA to its portfolio by purchasing 17,758 company shares during the most recent quarter which is valued at $468,634. S & T Bancorp Inc makes up approx 0.12% of Dynamic Technology Lab Private Ltd’s portfolio. Advisors Asset Management added STBA to its portfolio by purchasing 116 company shares during the most recent quarter which is valued at $3,057. Hudock Capital Group sold out all of its stake in STBA during the most recent quarter. The investment firm sold 2,400 shares of STBA which is valued $61,104.

S & T Bancorp Inc opened for trading at $27 and hit $27.43 on the upside on Friday, eventually ending the session at $27.25, with a gain of 0.96% or 0.26 points. The heightened volatility saw the trading volume jump to 1,08,472 shares. Company has a market cap of $951 M.

On the company’s financial health, S & T Bancorp Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.49.Analysts expectations of $ 63.53.During the same quarter in the previous year, the company posted $0.52 EPS.

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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