Geode Capital Management LLC Sells 5,655 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Geode Capital Management LLC cut its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 631,089 shares of the bank's stock after selling 5,655 shares during the quarter. Geode Capital Management LLC owned approximately 2.14% of Stock Yards Bancorp worth $45,202,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Victory Capital Management Inc. raised its stake in Stock Yards Bancorp by 120.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank's stock valued at $76,953,000 after purchasing an additional 586,550 shares during the period. Norges Bank bought a new stake in shares of Stock Yards Bancorp during the fourth quarter valued at approximately $5,761,000. Barclays PLC lifted its holdings in shares of Stock Yards Bancorp by 137.8% in the third quarter. Barclays PLC now owns 45,801 shares of the bank's stock worth $2,840,000 after buying an additional 26,537 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Stock Yards Bancorp during the fourth quarter worth $1,193,000. Finally, State Street Corp grew its stake in Stock Yards Bancorp by 2.0% during the third quarter. State Street Corp now owns 778,497 shares of the bank's stock valued at $48,506,000 after acquiring an additional 15,156 shares in the last quarter. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Stock Yards Bancorp Price Performance

SYBT stock traded up $0.39 during mid-day trading on Friday, hitting $67.44. The company had a trading volume of 103,699 shares, compared to its average volume of 124,450. The company has a 50-day moving average price of $69.53 and a 200 day moving average price of $70.66. Stock Yards Bancorp, Inc. has a 12-month low of $42.78 and a 12-month high of $79.79. The company has a market capitalization of $1.99 billion, a price-to-earnings 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 earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 in the prior year, the company earned $0.82 EPS. On average, research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp's dividend 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.