Russell Investments Group Ltd. Has $6.42 Million Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Russell Investments Group Ltd. trimmed its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 50.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,585 shares of the bank's stock after selling 90,685 shares during the quarter. Russell Investments Group Ltd. owned 0.30% of Stock Yards Bancorp worth $6,415,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of 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 during the period. Norges Bank acquired a new position in Stock Yards Bancorp during the 4th quarter worth about $5,761,000. Barclays PLC grew 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 valued at $2,840,000 after buying an additional 26,537 shares during the last quarter. Martin Worley Group acquired a new stake in shares of Stock Yards Bancorp in the fourth quarter valued at about $1,660,000. Finally, Franklin Resources Inc. bought a new position in shares of Stock Yards Bancorp during the fourth quarter worth about $1,193,000. 56.46% of the stock is owned by institutional investors.

Stock Yards Bancorp Trading Up 0.6 %

NASDAQ:SYBT traded up $0.39 on Friday, reaching $67.44. 103,699 shares of the stock traded hands, compared to its average volume of 124,450. Stock Yards Bancorp, Inc. has a 1-year low of $42.78 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. The company's 50 day moving average is $69.53 and its 200-day moving average is $70.66. The firm has a market capitalization 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 earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates 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 earnings per share. Equities research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS 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. Stockholders of record on Monday, March 17th were paid a $0.31 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.24 annualized dividend and a dividend yield of 1.84%. 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.