Resurgent Financial Advisors LLC Sells 21,381 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Resurgent Financial Advisors LLC lessened its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 78.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,947 shares of the bank's stock after selling 21,381 shares during the quarter. Resurgent Financial Advisors LLC's holdings in Stock Yards Bancorp were worth $426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd increased its holdings in shares of Stock Yards Bancorp by 164.5% during the fourth quarter. Covestor Ltd now owns 373 shares of the bank's stock worth $27,000 after buying an additional 232 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Stock Yards Bancorp by 1,077.5% during the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after purchasing an additional 431 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Stock Yards Bancorp by 115.6% during the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after purchasing an additional 260 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Stock Yards Bancorp in the fourth quarter valued at approximately $44,000. Finally, Sterling Capital Management LLC raised its holdings in Stock Yards Bancorp by 806.7% in the 4th quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock valued at $58,000 after buying an additional 718 shares during the last quarter. Institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Trading Down 0.4 %

NASDAQ SYBT traded down $0.28 on Monday, hitting $67.16. The company's stock had a trading volume of 20,093 shares, compared to its average volume of 124,177. The firm has a market cap of $1.98 billion, a PE ratio of 17.26 and a beta of 0.77. The company's 50-day moving average is $69.33 and its 200 day moving average is $70.88. 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, Inc. has a 1-year low of $44.32 and a 1-year high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its 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 return on equity of 12.71% and a net margin of 22.54%. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, analysts predict that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal 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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. 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.