Keybank National Association OH Takes $452,000 Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Keybank National Association OH purchased a new stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,305 shares of the bank's stock, valued at approximately $452,000.

A number of other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at about $30,255,000. Meridian Wealth Management LLC bought a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at approximately $9,082,000. Barclays PLC boosted its holdings in shares of Stock Yards Bancorp by 137.8% in the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank's stock worth $2,840,000 after purchasing an additional 26,537 shares during the period. Aptus Capital Advisors LLC increased its position in shares of Stock Yards Bancorp by 22.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 94,956 shares of the bank's stock valued at $5,886,000 after purchasing an additional 17,469 shares during the last quarter. Finally, State Street Corp raised its holdings in Stock Yards Bancorp by 2.0% during the 3rd quarter. State Street Corp now owns 778,497 shares of the bank's stock valued at $48,506,000 after buying an additional 15,156 shares during the period. Institutional investors own 56.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens lowered shares of Stock Yards Bancorp from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $70.00 to $76.00 in a research note on Friday, November 15th.

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Stock Yards Bancorp Trading Down 0.8 %

Shares of NASDAQ SYBT traded down $0.52 during midday trading on Thursday, hitting $67.20. The company's stock had a trading volume of 45,888 shares, compared to its average volume of 129,602. Stock Yards Bancorp, Inc. has a 12-month low of $42.35 and a 12-month high of $79.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.98 billion, a P/E ratio of 17.28 and a beta of 0.84. The business's 50 day moving average is $72.62 and its two-hundred day moving average is $69.46.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.08. Stock Yards Bancorp had a net margin of 22.54% and a return on equity of 12.71%. During the same quarter last year, the company earned $0.82 earnings per share. As a group, equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current 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 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Monday, March 17th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 31.88%.

About Stock Yards Bancorp

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.