STBA Trading 9.5% below recent manager’s purchase price
THere’s an old saying on Wall Street about insider buying: There are many possible reasons to sell a stock, but only one reason to buy. On August 10, S&T Bancorp Inc director Peter Richard Barsz invested $ 5,285.52 in 175 shares of STBA, at a cost per share of $ 30.20. Bargain hunters tend to pay special attention to insider buys like this, as the only reason an insider would take their hard-earned money and use it to buy shares of their company on the open market. is that he expects to earn money. On Thursday, bargain hunters could buy shares of S&T Bancorp Inc (ticker: STBA) and achieve a base cost 9.5% cheaper than Barsz, with shares changing hands for as little as $ 27.32 per share. Shares of S&T Bancorp Inc are currently trading down about 0.6% on the day. The chart below shows the one-year performance of STBA shares, compared to its 200-day moving average:
Looking at the chart above, STBA’s low point in its 52 week range is $ 16.98 per share, with $ 35.795 as a 52 week high, compared with a last trade of $ 27.68. For comparison, below is a table showing the prices at which STBA insider buys have been recorded in the past six months:
|Purchased||Initiated||Title||Actions||Price / share||Value|
|05/11/2021||Lewis W. Adkins Jr.||Director||295||$ 32.73||$ 9,655.35|
|07/23/2021||Jeffrey D. Grube||Director||3000||$ 28.64||$ 85,917.27|
|08/10/2021||Peter Richard Barsz||Director||175||$ 30.20||$ 5,285.52|
The current annualized dividend paid by S&T Bancorp Inc is $ 1.12 / share, currently paid in quarterly installments, and its most recent ex-dividend date was 4/8/2021. Below is a long term dividend history chart for STBA, which can be of great help in judging if the most recent dividend with approx. The annualized return of 4.0% is expected to hold up.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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