Martin Worley Group bought a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,179 shares of the bank's stock, valued at approximately $1,660,000. Martin Worley Group owned 0.08% of Stock Yards Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake 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 valued at $13,577,000 after buying an additional 3,531 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Stock Yards Bancorp by 151.2% in the 3rd quarter. Quantbot Technologies LP now owns 2,271 shares of the bank's stock valued at $141,000 after acquiring an additional 1,367 shares during the last quarter. FMR LLC raised its position in shares of Stock Yards Bancorp by 7.5% during the 3rd quarter. FMR LLC now owns 2,400 shares of the bank's stock worth $149,000 after acquiring an additional 167 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Stock Yards Bancorp by 35.6% during the third quarter. BNP Paribas Financial Markets now owns 12,883 shares of the bank's stock worth $799,000 after purchasing an additional 3,385 shares during the last quarter. Finally, State Street Corp boosted its holdings in Stock Yards Bancorp by 2.0% in the third quarter. State Street Corp now owns 778,497 shares of the bank's stock valued at $48,506,000 after purchasing an additional 15,156 shares in the last quarter. Institutional investors and hedge funds own 56.46% of the company's stock.
Stock Yards Bancorp Stock Down 2.8 %
Stock Yards Bancorp stock traded down $1.79 during mid-day trading on Friday, hitting $63.06. The company had a trading volume of 131,813 shares, compared to its average volume of 123,709. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 16.21 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 1 year low of $42.35 and a 1 year high of $79.79. The business has a fifty day moving average of $71.68 and a 200 day moving average of $70.54.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $0.82 EPS. On average, sell-side analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.
Stock Yards Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp's payout ratio is currently 31.88%.
Stock Yards Bancorp Company Profile
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Free Report)
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.
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