Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 222,632 shares of the bank’s stock after acquiring an additional 3,605 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.76% of Stock Yards Bancorp worth $15,943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in Stock Yards Bancorp by 1,077.5% during the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock worth $34,000 after acquiring an additional 431 shares in the last quarter. Principal Securities Inc. lifted its position in Stock Yards Bancorp by 115.6% during the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock worth $35,000 after acquiring an additional 260 shares in the last quarter. Kentucky Trust Co acquired a new position in Stock Yards Bancorp during the 4th quarter worth approximately $44,000. Allworth Financial LP lifted its position in Stock Yards Bancorp by 126.2% during the 4th quarter. Allworth Financial LP now owns 846 shares of the bank’s stock worth $63,000 after acquiring an additional 472 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in Stock Yards Bancorp by 151.2% during the 3rd quarter. Quantbot Technologies LP now owns 2,271 shares of the bank’s stock worth $141,000 after acquiring an additional 1,367 shares in the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Performance

Shares of SYBT opened at $68.80 on Friday. The business’s 50 day moving average is $72.47 and its two-hundred day moving average is $69.76. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week high of $79.79. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 17.69 and a beta of 0.84. 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 announced its 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 period last year, the business posted $0.82 EPS. Analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The firm also recently announced 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, March 17th. Stock Yards Bancorp’s payout ratio is 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.