Covestor Ltd Grows Stock Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Covestor Ltd boosted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 164.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 373 shares of the bank’s stock after acquiring an additional 232 shares during the period. Covestor Ltd’s holdings in Stock Yards Bancorp were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SYBT. FMR LLC raised its holdings 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 acquiring an additional 167 shares in the last quarter. State Street Corp increased its position in shares of Stock Yards Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock valued at $48,506,000 after purchasing an additional 15,156 shares during the last quarter. Barclays PLC raised its holdings 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 purchasing an additional 26,537 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Stock Yards Bancorp by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,744 shares of the bank’s stock worth $39,480,000 after purchasing an additional 5,391 shares during the last quarter. Finally, Independent Solutions Wealth Management LLC acquired a new position in shares of Stock Yards Bancorp during the third quarter worth $207,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

NASDAQ:SYBT opened at $66.42 on Wednesday. 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 current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $1.96 billion, a PE ratio of 17.07 and a beta of 0.77. The business’s fifty day moving average price is $69.87 and its 200 day moving average price is $70.65.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, beating 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 posted $0.82 EPS. On average, sell-side analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. Stock Yards Bancorp’s payout ratio is currently 31.88%.

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.