An investigation on behalf of investors in S&T Bancorp, Inc. (NASDAQ:STBA) shares over potential wrongdoing at S&T Bancorp, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/02/2020 -- Certain directors of S&T Bancorp, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of S&T Bancorp, Inc. (NASDAQ: STBA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain S&T Bancorp, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
S&T Bancorp, Inc. reported that its annual Total Revenue rose from $281.74 million in 2018 to $299.34 million in 2019, and that its Net Income declined from $105.03 million in 2018 to $97.97 million in 2019.
Shares of S&T Bancorp, Inc. (NASDAQ: STBA) grew from $24.00 per share in June 2016 to as high as $47.70 per share on August 20, 2018.
On July 30, 2020, S S&T Bancorp, Inc. announced the Company's financial results for the second quarter of 2020. Among other results, S&T announced a net loss of $33.1 million, or $0.85 per diluted share, compared to net income of $26.1 million, or $0.76 per diluted share, for the same period in the prior year.
Those who purchased shares of S&T Bancorp, Inc. (NASDAQ: STBA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.