From MarketBeat:

Waldron Private Wealth LLC increased its stake in S&T Bancorp by 581.2% in the 3rd quarter. They now own 146,558 shares of the financial services provider, worth $3,968,000. Several other hedge funds and institutional investors have also bought and sold shares of the company, owning 63.42% of the stock.

Analysts from StockNews.com downgraded S&T Bancorp to a “sell” rating. Shares of NASDAQ STBA traded at $32.96 during midday trading, with a trading volume of 189,257 shares. S&T Bancorp reported $0.87 EPS for the quarter, lower than the consensus estimate of $0.90.

S&T Bancorp recently paid a quarterly dividend of $0.33 per share to shareholders of record on November 9th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.32.

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company has a market cap of $1.26 billion and a P/E ratio of 8.65. On average, analysts forecast that S&T Bancorp, Inc. will post 3.65 EPS for the current fiscal year.



Read more: Waldron Private Wealth LLC Purchases 125,042 Shares of S&T Bancorp, Inc. (NASDAQ:STBA)