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Peter Gurt, a director at S&T Bancorp Inc. (NASDAQ:STBA), has recently acquired additional shares of the company. According to a recent SEC filing, Gurt purchased 135 shares of S&T Bancorp common stock on May 28, 2025, at a price of $37.23 per share, totaling approximately $5,026. This transaction increases his direct ownership to 260 shares.
In addition to this purchase, Gurt holds director restricted stock units, which represent contingent rights to receive common stock. These units are set to deliver shares upon separation from service or at a pre-selected date, according to the filing. Gurt now holds 957 and 1,290 shares in two separate restricted stock units, respectively, following these transactions.
This latest acquisition reflects Gurt’s ongoing involvement and investment in S&T Bancorp, where he continues to serve as a director.
In other recent news, S&T Bancorp reported impressive financial results for the first quarter of 2025, with earnings per share (EPS) of $0.87, surpassing analyst expectations of $0.75 by 16%. However, the company’s revenue fell short of forecasts, coming in at $93.75 million compared to the anticipated $96.4 million. Additionally, S&T Bancorp announced a dividend increase to $0.34 per share, a 3.03% rise from the previous year, reflecting its ongoing commitment to shareholder value. The company also held its annual shareholder meeting, where all 11 directors were re-elected, Ernst & Young LLP was ratified as the independent accounting firm, and executive compensation was approved by shareholders. In terms of executive changes, S&T Bancorp appointed Melanie A. Lazzari as Executive Vice President and Chief Accounting Officer, effective May 13, 2025. Analyst firms did not provide any recent upgrades or downgrades for S&T Bancorp, focusing instead on the company’s financial performance and strategic initiatives. These developments highlight S&T Bancorp’s active engagement with its shareholders and efforts to maintain strong financial health.
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