Commonwealth Equity Services LLC Sells 557 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Commonwealth Equity Services LLC reduced its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,888 shares of the bank’s stock after selling 557 shares during the period. Commonwealth Equity Services LLC’s holdings in Stock Yards Bancorp were worth $851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYBT. Jones Financial Companies Lllp boosted its stake in shares of Stock Yards Bancorp by 1,077.5% in the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock valued at $34,000 after purchasing an additional 431 shares in the last quarter. Principal Securities Inc. lifted its stake in Stock Yards Bancorp by 115.6% in the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock valued at $35,000 after purchasing an additional 260 shares during the last quarter. Kentucky Trust Co acquired a new stake in Stock Yards Bancorp in the fourth quarter valued at approximately $44,000. Allworth Financial LP grew its stake in shares of Stock Yards Bancorp by 126.2% during the fourth quarter. Allworth Financial LP now owns 846 shares of the bank’s stock worth $63,000 after buying an additional 472 shares during the last quarter. Finally, Pillar Financial Advisors LLC acquired a new position in shares of Stock Yards Bancorp during the fourth quarter worth $113,000. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Stock Down 0.2 %

Shares of SYBT opened at $68.94 on Wednesday. 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 52 week low of $42.35 and a 52 week high of $79.79. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 17.72 and a beta of 0.84. The stock has a fifty day moving average of $72.20 and a 200-day moving average of $70.51.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.82 earnings per share. As a group, sell-side analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.80%. Stock Yards Bancorp’s dividend payout ratio is presently 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.