STBA S&T Bancorp Inc

S&T Bank has been recognized by Forbes as one of America's Best Banks for the second consecutive year. This prestigious list ranks the top 100 publicly-traded banks and thrifts in the United States based on various financial metrics. S&T Bank's inclusion highlights its strong financial performance and commitment to its customers and communities.

S&T Bancorp, Inc. (NASDAQ:STBA) focuses on community-oriented banking, offering diverse lending and deposit services. Its presence in NASDAQ 100 ETF discussions underscores its role among various financial entities. The company emphasizes relationship-based banking to support individuals and businesses, contributing to regional economic stability through its local operations.

Panagora Asset Management Inc. has reduced its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 15.6% during the second quarter, now holding 184,401 shares valued at approximately $6.97 million. Despite this, S&T Bancorp increased its quarterly dividend to $0.36, representing a 3.6% yield, and institutional investors collectively own 65.22% of the company's stock. Analyst ratings for STBA are mixed, with an average "Hold" rating and a target price of $41.00.

Edgestream Partners L.P. has invested $3.19 million in S&T Bancorp, Inc. ($STBA), acquiring 84,414 shares, representing 0.22% ownership. S&T Bancorp recently increased its quarterly dividend to $0.36 per share, yielding 3.6% annually, and currently holds a "Hold" consensus rating from analysts with an average target price of $41.00. The company’s stock opened at $40.43 on Thursday, with a market capitalization of $1.55 billion and a P/E ratio of 11.65.

SG Americas Securities LLC reduced its stake in S&T Bancorp by 40.9% in Q2, selling 7,479 shares and valuing its remaining 10,803 shares at $409,000. Despite this, other institutional investors increased their positions, and an insider, Jeffrey D. Grube, recently purchased 2,500 shares. S&T Bancorp also increased its quarterly dividend to $0.36, offering an annualized yield of 3.6%.

Geode Capital Management LLC has increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 1.0%, acquiring an additional 9,452 shares to bring its total holdings to 955,356 shares, valued at approximately $36.13 million. This comes as S&T Bancorp recently raised its quarterly dividend to $0.36 per share, totaling $1.44 annually, representing a 3.6% yield. The company's stock currently trades around $39.49, with a consensus "Hold" rating from analysts and an average price target of $41.00.