Franklin Resources Inc. Makes New $1.19 Million Investment in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Franklin Resources Inc. acquired a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,662 shares of the bank's stock, valued at approximately $1,193,000. Franklin Resources Inc. owned approximately 0.06% of Stock Yards Bancorp at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position 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 worth $34,000 after buying an additional 431 shares during the period. Principal Securities Inc. boosted its stake in Stock Yards Bancorp by 115.6% during the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after purchasing an additional 260 shares during the period. Kentucky Trust Co acquired a new position in Stock Yards Bancorp in the fourth quarter valued at $44,000. Allworth Financial LP raised its holdings in shares of Stock Yards Bancorp by 126.2% in the fourth quarter. Allworth Financial LP now owns 846 shares of the bank's stock valued at $63,000 after buying an additional 472 shares during the last quarter. Finally, Pillar Financial Advisors LLC purchased a new position in shares of Stock Yards Bancorp during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 56.46% of the company's stock.

Stock Yards Bancorp Stock Performance

SYBT traded up $0.39 on Friday, hitting $67.44. 103,699 shares of the company traded hands, compared to its average volume of 124,544. The company has a 50 day moving average of $69.33 and a 200-day moving average of $70.88. Stock Yards Bancorp, Inc. has a 12-month low of $44.32 and a 12-month high of $79.79. The stock has a market capitalization of $1.99 billion, a PE ratio of 17.34 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.

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 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 period last year, the business posted $0.82 EPS. Sell-side analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current 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 given a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.84%. Stock Yards Bancorp's payout ratio is currently 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.