Quantbot Technologies LP Has $125,000 Stock Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Quantbot Technologies LP reduced its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 23.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,748 shares of the bank’s stock after selling 523 shares during the period. Quantbot Technologies LP’s holdings in Stock Yards Bancorp were worth $125,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Stock Yards Bancorp by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank’s stock worth $1,800,000 after purchasing an additional 152 shares during the last quarter. Swiss National Bank increased its position in Stock Yards Bancorp by 0.7% during the fourth quarter. Swiss National Bank now owns 54,923 shares of the bank’s stock worth $3,933,000 after buying an additional 400 shares during the last quarter. Moors & Cabot Inc. bought a new position in Stock Yards Bancorp during the fourth quarter valued at about $220,000. Pillar Financial Advisors LLC bought a new position in Stock Yards Bancorp during the fourth quarter valued at about $113,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Stock Yards Bancorp in the fourth quarter worth about $835,000. 56.46% of the stock is owned by hedge funds and other institutional investors.

Stock Yards Bancorp Stock Down 2.0 %

Shares of SYBT stock 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 capitalization of $2.02 billion, a price-to-earnings ratio of 17.59 and a beta of 0.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day simple moving average is $72.38 and its 200 day simple moving average is $70.37.

Stock Yards Bancorp (NASDAQ:SYBT) last released 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 net margin of 22.54% and a return on equity of 12.71%. During the same quarter in the previous year, the business earned $0.82 earnings per share. As a group, research 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 declared 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 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio is currently 31.88%.

Stock Yards Bancorp 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.