PNC Financial Services Group Inc. Has $1.04 Million Stock Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

PNC Financial Services Group Inc. trimmed its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 15.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,577 shares of the bank’s stock after selling 2,736 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stock Yards Bancorp were worth $1,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SYBT. Jones Financial Companies Lllp increased 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 acquiring an additional 431 shares during the period. Principal Securities Inc. increased its position in Stock Yards Bancorp by 115.6% in the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock valued at $35,000 after acquiring an additional 260 shares during the period. Kentucky Trust Co acquired a new position in Stock Yards Bancorp in the 4th quarter valued at approximately $44,000. Allworth Financial LP increased its position in Stock Yards Bancorp by 126.2% in the 4th quarter. Allworth Financial LP now owns 846 shares of the bank’s stock valued at $63,000 after acquiring an additional 472 shares during the period. Finally, Quantbot Technologies LP increased its position in Stock Yards Bancorp by 151.2% in the 3rd quarter. Quantbot Technologies LP now owns 2,271 shares of the bank’s stock valued at $141,000 after acquiring an additional 1,367 shares during the period. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Stock Yards Bancorp Trading Up 2.0 %

Shares of NASDAQ SYBT opened at $68.54 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week high of $79.79. The firm has a 50 day moving average price of $72.51 and a two-hundred day moving average price of $69.64. The stock has a market cap of $2.02 billion, a P/E ratio of 17.62 and a beta of 0.84.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly 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 net margin of 22.54% and a return on equity of 12.71%. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities analysts forecast 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 will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 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.