Resurgent Financial Advisors LLC Sells 21,381 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Resurgent Financial Advisors LLC decreased its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,947 shares of the bank's stock after selling 21,381 shares during the quarter. Resurgent Financial Advisors LLC's holdings in Stock Yards Bancorp were worth $426,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SYBT. Covestor Ltd lifted its position in shares of Stock Yards Bancorp by 164.5% during the 4th quarter. Covestor Ltd now owns 373 shares of the bank's stock valued at $27,000 after buying an additional 232 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Stock Yards Bancorp by 1,077.5% during the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after purchasing an additional 431 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Stock Yards Bancorp by 115.6% in the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after purchasing an additional 260 shares during the period. Kentucky Trust Co purchased a new stake in shares of Stock Yards Bancorp in the fourth quarter worth $44,000. Finally, Sterling Capital Management LLC raised its position in shares of Stock Yards Bancorp by 806.7% during the 4th quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock valued at $58,000 after purchasing an additional 718 shares during the period. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock traded up $0.39 during mid-day trading on Friday, hitting $67.44. The stock had a trading volume of 103,699 shares, compared to its average volume of 124,450. Stock Yards Bancorp, Inc. has a one year low of $42.78 and a one 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. The firm has a market capitalization of $1.99 billion, a P/E ratio of 17.34 and a beta of 0.77. The firm's 50 day moving average is $69.53 and its 200 day moving average is $70.66.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, topping 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 in the previous year, the company earned $0.82 earnings per share. On average, sell-side analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

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