American Century Companies Inc. Buys 5,661 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

American Century Companies Inc. boosted its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,561 shares of the bank’s stock after purchasing an additional 5,661 shares during the period. American Century Companies Inc. owned about 0.94% of Stock Yards Bancorp worth $19,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of 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. raised its position in 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 acquiring an additional 260 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Stock Yards Bancorp in the 4th quarter valued at about $44,000. Allworth Financial LP grew its position in shares of 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 acquiring an additional 472 shares during the period. Finally, Pillar Financial Advisors LLC bought a new position in Stock Yards Bancorp during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Price Performance

Shares of NASDAQ SYBT opened at $68.43 on Monday. Stock Yards Bancorp, Inc. has a twelve month low of $42.35 and a twelve month high of $79.79. The company has a market cap of $2.02 billion, a PE ratio of 17.59 and a beta of 0.84. The business’s 50 day moving average price is $72.38 and its two-hundred day moving average price is $70.37. 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 posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share 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 in the previous year, the firm posted $0.82 EPS. On average, analysts predict that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, March 17th. This represents a $1.24 annualized dividend and a dividend yield of 1.81%. Stock Yards Bancorp’s dividend payout ratio is presently 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.