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 3.4% during the most recent quarter end. The investment management company now holds a total of 1,378,583 shares of S & T Bancorp Inc which is valued at $33.5 Million after selling 48,503 shares in S & T Bancorp Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.S & T Bancorp Inc makes up approximately 5.83% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in STBA in the latest quarter, The investment management firm added 1,011 additional shares and now holds a total of 4,063 shares of S & T Bancorp Inc which is valued at $98,853.Blackrock Investment Management boosted its stake in STBA in the latest quarter, The investment management firm added 4,125 additional shares and now holds a total of 158,217 shares of S & T Bancorp Inc which is valued at $3.8 Million. S & T Bancorp Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio.Lsv Asset Management boosted its stake in STBA in the latest quarter, The investment management firm added 9,600 additional shares and now holds a total of 83,900 shares of S & T Bancorp Inc which is valued at $2 Million.Nationwide Fund Advisors boosted its stake in STBA in the latest quarter, The investment management firm added 146 additional shares and now holds a total of 26,384 shares of S & T Bancorp Inc which is valued at $650,893.

S & T Bancorp Inc opened for trading at $24.25 and hit $25.08 on the upside on Monday, eventually ending the session at $24.98, with a gain of 2.67% or 0.65 points. The heightened volatility saw the trading volume jump to 54,905 shares. Company has a market cap of $872 M.

On the company’s financial health, S & T Bancorp Inc reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.52.Analysts expectations of $ 62.68.During the same quarter in the previous year, the company posted $0.46 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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