ExodusPoint Capital Management LP Makes New Investment in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

ExodusPoint Capital Management LP acquired a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,142 shares of the bank's stock, valued at approximately $655,000.

Several other institutional investors have also recently made changes to their positions in the company. Firethorn Wealth Partners LLC grew its position in Stock Yards Bancorp by 0.9% in the 4th quarter. Firethorn Wealth Partners LLC now owns 14,633 shares of the bank's stock worth $1,048,000 after purchasing an additional 136 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Stock Yards Bancorp by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank's stock valued at $1,800,000 after acquiring an additional 152 shares in the last quarter. FMR LLC increased its position in shares of Stock Yards Bancorp by 7.5% during the third 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 last quarter. Principal Securities Inc. lifted its holdings in Stock Yards Bancorp by 115.6% during the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after acquiring an additional 260 shares during the period. Finally, Rhumbline Advisers boosted its position in Stock Yards Bancorp by 0.7% in the fourth quarter. Rhumbline Advisers now owns 41,385 shares of the bank's stock worth $2,964,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Stock Performance

NASDAQ:SYBT traded up $0.44 during trading on Thursday, reaching $67.49. The company's stock had a trading volume of 32,014 shares, compared to its average volume of 124,208. Stock Yards Bancorp, Inc. has a 12 month low of $42.35 and a 12 month high of $79.79. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 17.41 and a beta of 0.77. The firm has a 50 day moving average of $69.69 and a 200-day moving average of $70.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $0.82 earnings per share. Research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.84%. Stock Yards Bancorp's payout ratio is 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.