RPS Advisory Solutions LLC Lowers Stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

RPS Advisory Solutions LLC decreased its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,091 shares of the bank's stock after selling 4,723 shares during the quarter. RPS Advisory Solutions LLC's holdings in Stock Yards Bancorp were worth $651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Baron Silver Stevens Financial Advisors LLC purchased a new position in Stock Yards Bancorp in the 4th quarter valued at about $749,000. Barclays PLC lifted its position in shares of Stock Yards Bancorp by 137.8% in the third quarter. Barclays PLC now owns 45,801 shares of the bank's stock valued at $2,840,000 after acquiring an additional 26,537 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Stock Yards Bancorp in the third quarter worth approximately $9,082,000. Victory Capital Management Inc. purchased a new stake in shares of Stock Yards Bancorp during the third quarter worth approximately $30,255,000. Finally, JPMorgan Chase & Co. raised its stake in Stock Yards Bancorp by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank's stock valued at $1,390,000 after purchasing an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Price Performance

Shares of SYBT stock traded down $1.01 during trading hours on Tuesday, reaching $71.41. The company had a trading volume of 233,307 shares, compared to its average volume of 138,763. Stock Yards Bancorp, Inc. has a 12-month low of $42.35 and a 12-month 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 company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 18.36 and a beta of 0.86. The stock has a fifty day moving average of $73.20 and a 200-day moving average of $68.38.

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 (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 company posted $0.82 earnings per share. On average, equities analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Monday, March 17th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 31.88%.

Analyst Upgrades and Downgrades

Separately, Stephens cut shares of Stock Yards Bancorp from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $70.00 to $76.00 in a research note on Friday, November 15th.

Stock Yards Bancorp Company 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.