XTX Topco Ltd acquired a new stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,800 shares of the bank's stock, valued at approximately $415,000.
Several other institutional investors and hedge funds have also modified their holdings of SYBT. Baron Silver Stevens Financial Advisors LLC purchased a new position in shares of Stock Yards Bancorp during the 4th quarter worth $749,000. Barclays PLC lifted its position in Stock Yards Bancorp by 137.8% during the third quarter. Barclays PLC now owns 45,801 shares of the bank's stock worth $2,840,000 after buying an additional 26,537 shares during the period. JPMorgan Chase & Co. lifted its position in Stock Yards Bancorp by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank's stock worth $1,390,000 after buying an additional 1,360 shares during the period. Geode Capital Management LLC grew its holdings in Stock Yards Bancorp by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 636,744 shares of the bank's stock valued at $39,480,000 after buying an additional 5,391 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Stock Yards Bancorp in the 4th quarter valued at about $1,193,000. Hedge funds and other institutional investors own 56.46% of the company's stock.
Stock Yards Bancorp Stock Down 2.7 %
Shares of NASDAQ:SYBT traded down $2.06 during midday trading on Friday, hitting $74.67. 187,741 shares of the company's stock traded hands, compared to its average volume of 126,095. The firm's fifty day moving average price is $69.13 and its two-hundred day moving average price is $71.33. 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 twelve month low of $44.32 and a twelve month high of $79.79. The company has a market cap of $2.20 billion, a PE ratio of 19.20 and a beta of 0.77.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. The company had revenue of $93.63 million for the quarter, compared to analysts' expectations of $92.90 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, equities research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.
Stock Yards Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp's dividend payout ratio is presently 29.95%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SYBT. Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the stock a "neutral" rating in a research report on Thursday. Stephens boosted their price target on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods cut their price objective on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a report on Thursday.
Check Out Our Latest Research Report on SYBT
About Stock Yards Bancorp
(
Free Report)
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.
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