Rhumbline Advisers Has $2.96 Million Stock Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Rhumbline Advisers grew its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,385 shares of the bank’s stock after acquiring an additional 307 shares during the period. Rhumbline Advisers owned 0.14% of Stock Yards Bancorp worth $2,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Stock Yards Bancorp during the 3rd quarter worth $30,255,000. Meridian Wealth Management LLC bought a new stake in Stock Yards Bancorp during the third quarter worth about $9,082,000. Barclays PLC grew its stake 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 in the last quarter. Aptus Capital Advisors LLC increased its holdings in Stock Yards Bancorp by 22.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 94,956 shares of the bank’s stock valued at $5,886,000 after buying an additional 17,469 shares during the period. Finally, State Street Corp raised its position in shares of Stock Yards Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock valued at $48,506,000 after buying an additional 15,156 shares in the last quarter. Institutional investors own 56.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens lowered Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $70.00 to $76.00 in a research note on Friday, November 15th.

Stock Yards Bancorp Trading Up 2.3 %

Shares of Stock Yards Bancorp stock opened at $72.86 on Friday. The company’s 50-day moving average price is $73.07 and its 200-day moving average price is $68.66. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 18.73 and a beta of 0.86. 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 issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, beating 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 firm posted $0.82 earnings per share. On average, equities analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.70%. Stock Yards Bancorp’s payout ratio 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.