4 days Ago By ABMN Staff
Franklin Resources Inc. purchased a new position in shares of Stock Yards Bancorp, Inc. ( NASDAQ:SYBT – Free Report ) in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor purchased 16,662 shares of the bank’s stock, valued at approximately $1,193,000. Several other hedge funds also recently made changes to their positions in SYBT. FMR LLC lifted its position in shares of Stock Yards Bancorp by 7.
5% in the third quarter. FMR LLC now owns 2,400 shares of the bank’s stock worth $149,000 after purchasing an additional 167 shares in the last quarter. State Street Corp lifted its position in Stock Yards Bancorp by 2.
0% during the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock worth $48,506,000 after buying an additional 15,156 shares in the last quarter. Barclays PLC boosted its stake in shares of Stock Yards Bancorp by 137.
8% during the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank’s stock worth $2,840,000 after buying an additional 26,537 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Stock Yards Bancorp by 0.
9% in 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 in the last quarter. Finally, Independent Solutions Wealth Management LLC bought a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at about $207,000.
56.46% of the stock is owned by institutional investors. Stock Yards Bancorp Stock Performance SYBT opened at $66.
42 on Wednesday. The business’s 50-day simple moving average is $69.87 and its 200 day simple moving average is $70.
65. Stock Yards Bancorp, Inc. has a 52-week low of $42.
35 and a 52-week high of $79.79. 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 firm has a market capitalization of $1.96 billion, a PE ratio of 17.07 and a beta of 0.
77. Stock Yards Bancorp Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a $0.
31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.
87%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 31.
88%. Stock Yards Bancorp Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SYBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stock Yards Bancorp, Inc.
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