Cerity Partners LLC Has $1.34 Million Stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Cerity Partners LLC raised its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,713 shares of the bank’s stock after purchasing an additional 160 shares during the period. Cerity Partners LLC owned 0.06% of Stock Yards Bancorp worth $1,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in shares of Stock Yards Bancorp by 17.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,105 shares of the bank’s stock worth $580,000 after acquiring an additional 1,217 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Stock Yards Bancorp by 34.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,890 shares of the bank’s stock worth $1,209,000 after purchasing an additional 4,368 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in Stock Yards Bancorp by 0.9% during the 4th quarter. Thoroughbred Financial Services LLC now owns 23,771 shares of the bank’s stock worth $1,702,000 after purchasing an additional 215 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Stock Yards Bancorp in the 4th quarter worth approximately $655,000. Finally, Martin Worley Group bought a new stake in shares of Stock Yards Bancorp in the 4th quarter valued at $1,660,000. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Trading Up 0.6 %

SYBT opened at $67.44 on Friday. Stock Yards Bancorp, Inc. has a twelve month low of $42.38 and a twelve month high of $79.79. The company has a fifty day moving average of $69.69 and a 200-day moving average of $70.62. The stock has a market cap of $1.99 billion, a PE ratio of 17.34 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $0.82 earnings per share. On average, sell-side analysts predict 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 was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 31.88%.

About Stock Yards Bancorp

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.