Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,863,492 shares of the bank’s stock after selling 1,465 shares during the period. Vanguard Group Inc. owned 0.06% of Stock Yards Bancorp worth $133,445,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SYBT. Charles Schwab Investment Management Inc. lifted its holdings in Stock Yards Bancorp by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 219,027 shares of the bank’s stock worth $13,577,000 after buying an additional 3,531 shares during the last quarter. FMR LLC raised its position in shares of Stock Yards Bancorp by 7.5% during the 3rd quarter. FMR LLC now owns 2,400 shares of the bank’s stock worth $149,000 after acquiring an additional 167 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Stock Yards Bancorp by 35.6% during the third quarter. BNP Paribas Financial Markets now owns 12,883 shares of the bank’s stock worth $799,000 after purchasing an additional 3,385 shares during the last quarter. State Street Corp boosted its holdings in Stock Yards Bancorp by 2.0% in the third 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 in the last quarter. Finally, Barclays PLC increased its stake in 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 purchasing an additional 26,537 shares during the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Up 1.3 %

SYBT stock opened at $63.85 on Tuesday. The stock has a market cap of $1.88 billion, a P/E ratio of 16.41 and a beta of 0.77. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. Stock Yards Bancorp, Inc. has a twelve month low of $42.35 and a twelve month high of $79.79. The company’s 50 day moving average is $71.45 and its two-hundred day moving average is $70.59.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping 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 quarter last year, the company posted $0.82 EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.94%. 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.