Iberiabank Trimmed Its Holding in Cisco Systems (CSCO) by $1.15 Million as Share Value Declined; S&T Bancorp (STBA) Holding Has Upped by Waldron Lp

June 13, 2018 - By Hazel Jackson

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Iberiabank Corp decreased its stake in Cisco Systems Inc (CSCO) by 12.25% based on its latest 2018Q1 regulatory filing with the SEC. Iberiabank Corp sold 27,484 shares as the company’s stock declined 4.63% with the market. The institutional investor held 196,797 shares of the technology company at the end of 2018Q1, valued at $8.44 million, down from 224,281 at the end of the previous reported quarter. Iberiabank Corp who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $206.97 billion market cap company. The stock increased 0.16% or $0.07 during the last trading session, reaching $44.01. About 18.34 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since June 13, 2017 and is uptrending. It has outperformed by 25.03% the S&P500.

Waldron Lp increased its stake in S&T Bancorp Inc (STBA) by 536.15% based on its latest 2018Q1 regulatory filing with the SEC. Waldron Lp bought 115,728 shares as the company’s stock rose 10.89% while stock markets declined. The institutional investor held 137,313 shares of the finance company at the end of 2018Q1, valued at $5.48 million, up from 21,585 at the end of the previous reported quarter. Waldron Lp who had been investing in S&T Bancorp Inc for a number of months, seems to be bullish on the $1.55 billion market cap company. The stock increased 0.09% or $0.04 during the last trading session, reaching $44.16. About 71,940 shares traded. S&T Bancorp, Inc. (NASDAQ:STBA) has risen 32.84% since June 13, 2017 and is uptrending. It has outperformed by 20.27% the S&P500. Some Historical STBA News: 22/03/2018 – S&T BANCORP – BOARD AUTHORIZED A $50 MLN SHARE REPURCHASE PLAN AT ITS REGULAR MEETING HELD MARCH 19, 2018; 22/03/2018 – S&T Bancorp Board OKs $50 Million Share Repurchase Plan; 22/03/2018 – S&T BANCORP – EXPECTS TO FUND ANY REPURCHASES FROM CASH ON HAND AND INTERNALLY GENERATED FUNDS; 22/03/2018 – S&T Bancorp Announces Approval Of Share Repurchase Plan; 19/04/2018 – S&T Bancorp 1Q Net Interest Income $56.9; 11/05/2018 – Sciometrics Selected to Present Pioneering Technology to Government S&T Community at Innovators’ Showcase; 30/05/2018 – Javelin Networks Establishes Partnership with Cyberess S&T Ltd – Proactive Cyber Solutions; 07/03/2018 – S&T Bank EVP And Chief Audit Executive Receives Prestigious Women In Banking Honor; 23/03/2018 – Exclusive – Centrica taps Wall St. bank for U.K. nuke sale; 05/03/2018 S&T Bancorp Closes Above 50-Day Moving Average: Technicals

Among 7 analysts covering S&T Bancorp (NASDAQ:STBA), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. S&T Bancorp had 20 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Keefe Bruyette & Woods on Wednesday, October 21. Zacks downgraded the stock to “Buy” rating in Saturday, August 29 report. The company was maintained on Thursday, July 13 by Piper Jaffray. The stock has “Neutral” rating by Piper Jaffray on Wednesday, November 16. Zacks upgraded S&T Bancorp, Inc. (NASDAQ:STBA) rating on Wednesday, August 12. Zacks has “Hold” rating and $34 target. Keefe Bruyette & Woods maintained S&T Bancorp, Inc. (NASDAQ:STBA) on Tuesday, October 3 with “Hold” rating. As per Thursday, April 19, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. The rating was upgraded by Piper Jaffray to “Overweight” on Monday, October 24. The stock of S&T Bancorp, Inc. (NASDAQ:STBA) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21.

Since May 1, 2018, it had 1 insider buy, and 1 insider sale for $30,390 activity. RUDDOCK DAVID P had sold 1,754 shares worth $74,306.

Investors sentiment increased to 2.12 in 2018 Q1. Its up 0.62, from 1.5 in 2017Q4. It is positive, as 6 investors sold STBA shares while 27 reduced holdings. 14 funds opened positions while 56 raised stakes. 20.23 million shares or 2.53% more from 19.73 million shares in 2017Q4 were reported. Piedmont Invest Limited has invested 0.01% in S&T Bancorp, Inc. (NASDAQ:STBA). Pinebridge Invs Lp holds 48,201 shares. Teacher Retirement Systems Of Texas holds 0% or 7,729 shares in its portfolio. Ubs Asset Mngmt Americas owns 0% invested in S&T Bancorp, Inc. (NASDAQ:STBA) for 16,161 shares. State Of Tennessee Treasury Department, a Tennessee-based fund reported 24,535 shares. Barclays Public Lc holds 0% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA) for 12,689 shares. Bnp Paribas Arbitrage holds 0% or 11,104 shares. Dixon Hubard Feinour Brown Va holds 0.15% or 13,626 shares in its portfolio. 52,371 are owned by California State Teachers Retirement Sys. Ameritas Inv Inc reported 2,878 shares. Thrivent Financial For Lutherans holds 0% or 22,636 shares. Sterling Cap Mngmt Limited Liability Corp owns 28,442 shares or 0.01% of their US portfolio. Ameriprise Finance Inc has 0.01% invested in S&T Bancorp, Inc. (NASDAQ:STBA) for 366,779 shares. Victory Cap Management reported 0% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA). Cambridge Inv Advsrs holds 0.02% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA) for 33,517 shares.

Waldron Lp, which manages about $1.10B and $444.05M US Long portfolio, decreased its stake in Ishares Russell 2000 Growth Et (IWO) by 2,629 shares to 185,647 shares, valued at $35.38M in 2018Q1, according to the filing. It also reduced its holding in Ishares Msci Eafe Etf (EFA) by 4,792 shares in the quarter, leaving it with 54,633 shares, and cut its stake in Ishares Msci Eafe Value Etf (EFV).

More news for S&T Bancorp, Inc. (NASDAQ:STBA) were recently published by: Nasdaq.com, which released: “Report: Exploring Fundamental Drivers Behind S&T, Criteo SA, Talend SA, Seagate Technology, Harmonic, and …” on June 04, 2018. Streetinsider.com‘s article titled: “S&T Bancorp (STBA) Names Christine J. Toretti as Board Chair” and published on May 22, 2018 is yet another important article.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Advanced Micro Devices May Still Have Upside at New High” on June 05, 2018, also Nasdaq.com with their article: “We Could Make 52% From Cisco In 7 Months Or Less” published on June 04, 2018, Benzinga.com published: “Stifel Raises AMD Price Target After Cisco Unveils EPYC-Powered Servers” on June 01, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Cisco Announces June 2018 Events with the Financial Community” published on May 30, 2018 as well as Nasdaq.com‘s news article titled: “Fortinet Inc Earnings Confirm My Bull Thesis” with publication date: June 08, 2018.

Since December 14, 2017, it had 0 insider purchases, and 3 sales for $2.12 million activity. Goeckeler David also sold $940,559 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, March 15. SARIN ARUN sold $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 20. 200,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $7.59M were sold by BARTZ CAROL. 15,230 shares were sold by MCGEARY RODERICK C, worth $578,740.

Iberiabank Corp, which manages about $502.44M US Long portfolio, upped its stake in Ishares Floating Rate Bond Etf (FLOT) by 20,841 shares to 33,218 shares, valued at $1.69 million in 2018Q1, according to the filing. It also increased its holding in Cincinnati Financial Corp (NASDAQ:CINF) by 4,555 shares in the quarter, for a total of 52,087 shares, and has risen its stake in Ishares Core S&P Midcap Etf (IJH).

Investors sentiment decreased to 0.73 in 2018 Q1. Its down 0.30, from 1.03 in 2017Q4. It dropped, as 66 investors sold CSCO shares while 798 reduced holdings. 170 funds opened positions while 464 raised stakes. 3.40 billion shares or 4.18% less from 3.54 billion shares in 2017Q4 were reported. Private Advisor Gru Ltd Liability Company has invested 0.16% in Cisco Systems, Inc. (NASDAQ:CSCO). Pzena Investment Limited Liability Com reported 2.72M shares. Martin & Tn invested in 49,785 shares or 0.71% of the stock. Barrett Asset Management Limited Liability Corporation owns 605,612 shares for 1.85% of their portfolio. Rench Wealth Management Inc holds 3.18% or 108,487 shares in its portfolio. Mengis Cap Mngmt reported 12,000 shares. 295,068 are held by Ww Asset Mgmt. The Maryland-based Torray Lc has invested 2.33% in Cisco Systems, Inc. (NASDAQ:CSCO). Northside Mgmt Ltd Liability owns 24,019 shares. Jfs Wealth Advsr Limited Liability holds 6,539 shares or 0.07% of its portfolio. Matrix Asset Advsrs Ny reported 609,817 shares. Ntv Asset Mngmt Llc accumulated 79,944 shares. Brinker Inc holds 0.57% or 337,224 shares. Atlantic Tru Gp Lc owns 5.87 million shares. The Texas-based Bancorporation has invested 1.21% in Cisco Systems, Inc. (NASDAQ:CSCO).

S&T Bancorp, Inc. (NASDAQ:STBA) Institutional Positions Chart

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