Victory Capital Management Inc. grew its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 120.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,074,606 shares of the bank's stock after acquiring an additional 586,550 shares during the quarter. Victory Capital Management Inc. owned about 3.65% of Stock Yards Bancorp worth $76,953,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in Stock Yards Bancorp by 1,077.5% in the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after purchasing an additional 431 shares during the period. Principal Securities Inc. grew its holdings in shares of Stock Yards Bancorp by 115.6% during 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 during the last quarter. Kentucky Trust Co bought a new stake in shares of Stock Yards Bancorp during the fourth quarter worth about $44,000. Allworth Financial LP increased its position in shares of Stock Yards Bancorp by 126.2% during the fourth quarter. Allworth Financial LP now owns 846 shares of the bank's stock worth $63,000 after acquiring an additional 472 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Stock Yards Bancorp by 151.2% in the 3rd quarter. Quantbot Technologies LP now owns 2,271 shares of the bank's stock worth $141,000 after acquiring an additional 1,367 shares during the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Stephens lowered Stock Yards Bancorp from an "overweight" rating to an "equal weight" rating and boosted their price objective for the stock from $70.00 to $76.00 in a report on Friday, November 15th.
Read Our Latest Report on SYBT
Stock Yards Bancorp Stock Down 3.2 %
Shares of SYBT stock traded down $2.22 on Monday, hitting $67.08. The stock had a trading volume of 92,215 shares, compared to its average volume of 133,156. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day moving average of $72.89 and a 200 day moving average of $69.35. Stock Yards Bancorp, Inc. has a 12-month low of $42.35 and a 12-month high of $79.79. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 17.24 and a beta of 0.84.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $0.82 earnings per share. As a group, analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.
Stock Yards Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. Stock Yards Bancorp's dividend payout ratio (DPR) is currently 31.88%.
Stock Yards Bancorp Company Profile
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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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