Proficio Capital Partners LLC purchased a new stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,319 shares of the bank's stock, valued at approximately $954,000.
Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its position in Stock Yards Bancorp by 115.6% in the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock valued at $35,000 after purchasing an additional 260 shares during the period. Kentucky Trust Co purchased a new stake in Stock Yards Bancorp in the 4th quarter valued at about $44,000. Allworth Financial LP boosted its stake in Stock Yards Bancorp by 126.2% during the fourth quarter. Allworth Financial LP now owns 846 shares of the bank's stock worth $63,000 after buying an additional 472 shares during the period. Quantbot Technologies LP increased its position in shares of 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 acquiring an additional 1,367 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Stock Yards Bancorp by 7.5% in the 3rd quarter. FMR LLC now owns 2,400 shares of the bank's stock valued at $149,000 after acquiring an additional 167 shares during the period. 56.46% of the stock is currently owned by institutional investors and hedge funds.
Stock Yards Bancorp Stock Up 0.2 %
Shares of NASDAQ:SYBT traded up $0.13 during trading on Tuesday, hitting $67.21. The company's stock had a trading volume of 105,156 shares, compared to its average volume of 132,547. Stock Yards Bancorp, Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $79.79. The business has a 50 day moving average price of $72.79 and a two-hundred day moving average price of $69.42. 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 capitalization of $1.98 billion, a PE ratio of 17.28 and a beta of 0.84.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its 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 quarter in the previous year, the business posted $0.82 earnings per share. As a group, research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.
Stock Yards Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.31 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.84%. Stock Yards Bancorp's dividend payout ratio (DPR) is 31.88%.
Wall Street Analyst Weigh In
Separately, Stephens downgraded shares of Stock Yards Bancorp from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $70.00 to $76.00 in a report on Friday, November 15th.
Check Out Our Latest Stock Report on SYBT
Stock Yards Bancorp Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Stock Yards Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stock Yards Bancorp wasn't on the list.
While Stock Yards Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
