Champlain Investment Partners LLC Trims Stock Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Champlain Investment Partners LLC reduced its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,650 shares of the bank's stock after selling 124,257 shares during the period. Champlain Investment Partners LLC owned 3.08% of Stock Yards Bancorp worth $64,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Covestor Ltd lifted its stake in shares of Stock Yards Bancorp by 164.5% in the 4th quarter. Covestor Ltd now owns 373 shares of the bank's stock valued at $27,000 after purchasing an additional 232 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Stock Yards Bancorp by 1,077.5% in the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock worth $34,000 after acquiring an additional 431 shares during the last quarter. Principal Securities Inc. increased 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 purchasing an additional 260 shares in the last quarter. Kentucky Trust Co purchased a new position in Stock Yards Bancorp in the 4th quarter worth approximately $44,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Stock Yards Bancorp by 806.7% during the fourth quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock valued at $58,000 after purchasing an additional 718 shares in the last quarter. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Stock Yards Bancorp Stock Performance

Shares of SYBT stock traded up $2.49 on Tuesday, reaching $70.57. The stock had a trading volume of 57,940 shares, compared to its average volume of 124,252. The company has a 50 day simple moving average of $69.19 and a 200 day simple moving average of $70.94. Stock Yards Bancorp, Inc. has a 1 year low of $44.32 and a 1 year high of $79.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $2.08 billion, a P/E ratio of 18.14 and a beta of 0.77.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings data 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 last year, the business earned $0.82 earnings per share. Equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Monday, March 17th. 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.