Sun Sep 15 15:44:51 UTC 2024: ## S&T Bancorp Sees Increased Institutional Interest: HBK Sorce Advisory Boosts Holdings

**[City, State] – September 15, 2024** – HBK Sorce Advisory LLC has increased its stake in S&T Bancorp, Inc. (NASDAQ:STBA) by 4.2% during the second quarter, according to the company’s latest filing with the Securities and Exchange Commission. The institutional investor now owns 14,557 shares of the financial services provider, valued at $486,000.

This move follows a trend of increasing institutional interest in STBA. Other notable investors include Vanguard Group Inc., which boosted its holdings by 1.1% in the fourth quarter, now owning 4,616,732 shares. Dimensional Fund Advisors LP also raised its stake by 1.3% during the same period, holding 2,384,380 shares.

American Century Companies Inc. significantly increased its position in S&T Bancorp by 29.0% in the second quarter, while Bank of New York Mellon Corp added 0.9% to its holdings. Newcomer Norges Bank acquired a new stake in the company during the fourth quarter, valued at approximately $9,055,000.

These institutional investments highlight a growing confidence in S&T Bancorp’s performance.

S&T Bancorp’s stock opened at $42.29 on Friday, with a market cap of $1.62 billion. The company recently announced a quarterly dividend of $0.33 per share, representing a dividend yield of 3.12%.

Analysts have differing views on the company’s outlook. StockNews.com downgraded S&T Bancorp from a “hold” to a “sell” rating, while DA Davidson upgraded its target price from $32.00 to $41.00, giving the company a “neutral” rating.

**About S&T Bancorp**

S&T Bancorp, Inc. operates as the bank holding company for S&T Bank, providing retail and commercial banking products and services across six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.

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