Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 471.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,556 shares of the bank's stock after acquiring an additional 23,556 shares during the period. Kennedy Capital Management LLC owned approximately 0.10% of Stock Yards Bancorp worth $2,045,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Stock Yards Bancorp by 120.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank's stock worth $76,953,000 after purchasing an additional 586,550 shares in the last quarter. Norges Bank acquired a new position in shares of Stock Yards Bancorp during the 4th quarter worth $5,761,000. Barclays PLC boosted its position 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 buying an additional 26,537 shares in the last quarter. Martin Worley Group purchased a new stake in shares of Stock Yards Bancorp in the fourth quarter valued at about $1,660,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Stock Yards Bancorp in the fourth quarter valued at approximately $1,193,000. Hedge funds and other institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Price Performance

Shares of SYBT traded up $0.39 during mid-day trading on Friday, reaching $67.44. 103,699 shares of the company's stock were exchanged, compared to its average volume of 124,450. Stock Yards Bancorp, Inc. has a 52-week low of $42.78 and a 52-week high of $79.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $69.53 and a two-hundred day simple moving average of $70.66. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 17.34 and a beta of 0.77.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $0.82 EPS. On average, sell-side analysts predict 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. Stockholders of record on Monday, March 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp's dividend payout ratio is presently 31.88%.

Stock Yards Bancorp Profile

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.