Norges Bank Makes New $5.76 Million Investment in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Norges Bank acquired a new position in 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 SEC. The fund acquired 80,453 shares of the bank's stock, valued at approximately $5,761,000. Norges Bank owned approximately 0.27% of Stock Yards Bancorp as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Firethorn Wealth Partners LLC boosted its position in shares of Stock Yards Bancorp by 0.9% in the fourth quarter. Firethorn Wealth Partners LLC now owns 14,633 shares of the bank's stock worth $1,048,000 after buying an additional 136 shares during the period. Corient Private Wealth LLC lifted its stake in Stock Yards Bancorp by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank's stock worth $1,800,000 after acquiring an additional 152 shares in the last quarter. FMR LLC boosted its position in 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 during the period. Principal Securities Inc. grew 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 valued at $35,000 after acquiring an additional 260 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Stock Yards Bancorp by 0.7% in the 4th quarter. Rhumbline Advisers now owns 41,385 shares of the bank's stock valued at $2,964,000 after purchasing an additional 307 shares during the period. Institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Stock Up 2.7 %

SYBT stock traded up $1.77 during midday trading on Tuesday, reaching $66.65. The company had a trading volume of 22,796 shares, compared to its average volume of 123,980. The company has a 50 day moving average of $70.09 and a two-hundred day moving average of $70.68. The company has a market capitalization of $1.96 billion, a P/E ratio of 17.06 and a beta of 0.77. Stock Yards Bancorp, Inc. has a 1 year low of $42.35 and a 1 year high of $79.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38.

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, 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 previous year, the business posted $0.82 earnings per share. On average, equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.86%. Stock Yards Bancorp's dividend payout ratio (DPR) 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.