5,400 Shares in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,400 shares of the bank's stock, valued at approximately $387,000.

A number of other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Stock Yards Bancorp by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 219,027 shares of the bank's stock worth $13,577,000 after buying an additional 3,531 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Stock Yards Bancorp by 151.2% in the third quarter. Quantbot Technologies LP now owns 2,271 shares of the bank's stock valued at $141,000 after purchasing an additional 1,367 shares during the period. FMR LLC grew its stake in Stock Yards Bancorp by 7.5% in the 3rd quarter. FMR LLC now owns 2,400 shares of the bank's stock valued at $149,000 after buying an additional 167 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Stock Yards Bancorp by 35.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,883 shares of the bank's stock worth $799,000 after acquiring an additional 3,385 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Stock Yards Bancorp by 2.0% in the third quarter. State Street Corp now owns 778,497 shares of the bank's stock worth $48,506,000 after purchasing an additional 15,156 shares during the period. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Performance

Shares of SYBT stock traded up $3.54 during trading hours on Wednesday, reaching $67.31. 117,218 shares of the company's stock were exchanged, compared to its average volume of 123,941. The business has a fifty day moving average price of $70.72 and a 200-day moving average price of $70.55. The stock has a market capitalization of $1.98 billion, a P/E ratio of 17.30 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, Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings results 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 quarter last year, the business earned $0.82 EPS. Analysts predict that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was 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.