13,319 Shares in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the fourth quarter, HoldingsChannel reports. The firm bought 13,319 shares of the bank’s stock, valued at approximately $954,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SYBT. Jones Financial Companies Lllp raised 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 buying an additional 431 shares during the last quarter. Principal Securities Inc. raised 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 buying an additional 260 shares during the last quarter. Kentucky Trust Co purchased a new stake in Stock Yards Bancorp in the 4th quarter valued at $44,000. Allworth Financial LP raised 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 buying an additional 472 shares during the last quarter. Finally, Quantbot Technologies LP raised 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 buying an additional 1,367 shares during the last quarter. 56.46% of the stock is owned by hedge funds and other institutional investors.

Stock Yards Bancorp Trading Up 0.4 %

NASDAQ SYBT opened at $69.07 on Friday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 17.76 and a beta of 0.84. The business has a fifty day simple moving average of $72.52 and a 200 day simple moving average of $69.82. Stock Yards Bancorp, Inc. has a 12 month low of $42.35 and a 12 month high of $79.79. 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 (NASDAQ:SYBT) last announced its 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 return on equity of 12.71% and a net margin of 22.54%. During the same quarter last year, the firm posted $0.82 earnings per share. On average, analysts predict that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) 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.