KLP Kapitalforvaltning AS Takes Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

KLP Kapitalforvaltning AS purchased a new stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,400 shares of the bank’s stock, valued at approximately $387,000.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Stock Yards Bancorp by 120.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank’s stock valued at $76,953,000 after buying an additional 586,550 shares during the last quarter. State Street Corp raised its position in shares of Stock Yards Bancorp by 2.0% in the third quarter. State Street Corp now owns 778,497 shares of the bank’s stock valued at $48,506,000 after purchasing an additional 15,156 shares during the period. Geode Capital Management LLC raised its holdings in Stock Yards Bancorp by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,744 shares of the bank’s stock valued at $39,480,000 after acquiring an additional 5,391 shares during the period. American Century Companies Inc. boosted its stake in Stock Yards Bancorp by 2.1% in the 4th quarter. American Century Companies Inc. now owns 277,561 shares of the bank’s stock worth $19,876,000 after purchasing an additional 5,661 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Stock Yards Bancorp by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 222,632 shares of the bank’s stock valued at $15,943,000 after buying an additional 3,605 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Trading Down 2.8 %

Shares of Stock Yards Bancorp stock opened at $63.06 on Friday. The company’s 50-day moving average price is $71.68 and its 200-day moving average price is $70.48. 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, Inc. has a 12-month low of $42.35 and a 12-month high of $79.79. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 16.21 and a beta of 0.84.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $0.82 EPS. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.97%. Stock Yards Bancorp’s dividend payout ratio is currently 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.