KLP Kapitalforvaltning AS Takes Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

KLP Kapitalforvaltning AS acquired a new stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,400 shares of the bank’s stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Firethorn Wealth Partners LLC grew its position in Stock Yards Bancorp by 0.9% during 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 during the period. Corient Private Wealth LLC grew its position in shares of Stock Yards Bancorp by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank’s stock valued at $1,800,000 after acquiring an additional 152 shares during the period. FMR LLC increased its stake in shares of Stock Yards Bancorp by 7.5% in the 3rd quarter. FMR LLC now owns 2,400 shares of the bank’s stock worth $149,000 after purchasing an additional 167 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Stock Yards Bancorp by 115.6% in the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock worth $35,000 after purchasing an additional 260 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Stock Yards Bancorp by 0.7% in the 4th quarter. Rhumbline Advisers now owns 41,385 shares of the bank’s stock worth $2,964,000 after purchasing an additional 307 shares during the period. Institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

SYBT opened at $63.06 on Friday. The firm has a market cap of $1.86 billion, a P/E ratio of 16.21 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 50 day simple moving average of $71.68 and a two-hundred day simple moving average of $70.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, topping 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 business earned $0.82 EPS. Equities analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 annualized dividend and a yield of 1.97%. Stock Yards Bancorp’s payout ratio is 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.