Bank of New York Mellon Corp reduced its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,980 shares of the bank's stock after selling 4,855 shares during the period. Bank of New York Mellon Corp owned about 0.43% of Stock Yards Bancorp worth $9,093,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in SYBT. Firethorn Wealth Partners LLC boosted its position in Stock Yards Bancorp by 0.9% in the fourth quarter. Firethorn Wealth Partners LLC now owns 14,633 shares of the bank's stock valued at $1,048,000 after buying an additional 136 shares in the last quarter. FMR LLC boosted its position in Stock Yards Bancorp by 7.5% in the third quarter. FMR LLC now owns 2,400 shares of the bank's stock valued at $149,000 after buying an additional 167 shares in the last quarter. Principal Securities Inc. boosted its position in Stock Yards Bancorp by 115.6% in the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock valued at $35,000 after buying an additional 260 shares in the last quarter. Rhumbline Advisers boosted its position in Stock Yards Bancorp by 0.7% in the fourth quarter. Rhumbline Advisers now owns 41,385 shares of the bank's stock valued at $2,964,000 after buying an additional 307 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Stock Yards Bancorp by 126.2% in the fourth quarter. Allworth Financial LP now owns 846 shares of the bank's stock valued at $63,000 after buying an additional 472 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors and hedge funds.
Stock Yards Bancorp Price Performance
NASDAQ:SYBT traded up $0.57 on Tuesday, reaching $69.69. The stock had a trading volume of 75,292 shares, compared to its average volume of 116,529. The company has a market capitalization of $2.05 billion, a P/E ratio of 17.92 and a beta of 0.84. Stock Yards Bancorp, Inc. has a 1-year low of $42.35 and a 1-year high of $79.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $72.49 and a 200-day moving average price of $69.70.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business earned $0.82 EPS. Research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.
Stock Yards Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.78%. Stock Yards Bancorp's payout ratio is 31.88%.
About Stock Yards Bancorp
(
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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