13,319 Shares in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,319 shares of the bank's stock, valued at approximately $954,000.

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in Stock Yards Bancorp by 1,077.5% during the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after buying an additional 431 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Stock Yards Bancorp by 115.6% during the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank's stock valued at $35,000 after acquiring an additional 260 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of Stock Yards Bancorp in the fourth quarter valued at $44,000. Allworth Financial LP increased its position in Stock Yards Bancorp by 126.2% in the fourth quarter. Allworth Financial LP now owns 846 shares of the bank's stock worth $63,000 after purchasing an additional 472 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Stock Yards Bancorp by 151.2% during the third quarter. Quantbot Technologies LP now owns 2,271 shares of the bank's stock valued at $141,000 after purchasing an additional 1,367 shares in the last quarter. Hedge funds and other institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Price Performance

Shares of NASDAQ:SYBT traded down $0.64 on Tuesday, reaching $70.02. The company's stock had a trading volume of 88,140 shares, compared to its average volume of 116,723. The company has a 50-day simple moving average of $72.58 and a 200 day simple moving average of $70.04. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week high of $79.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $2.06 billion, a P/E ratio of 18.00 and a beta of 0.84.

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Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period last year, the company earned $0.82 earnings per share. As a group, equities research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp's dividend payout ratio is currently 31.88%.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.