1 week Ago By Defense World Staff
Norges Bank acquired a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 80,453 shares of the bank’s stock, valued at approximately $5,761,000.
Norges Bank owned 0.27% of Stock Yards Bancorp at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYBT.
Victory Capital Management Inc. increased its holdings in Stock Yards Bancorp by 120.2% during the fourth 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 period. Barclays PLC boosted its position in Stock Yards Bancorp by 137.
8% during the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank’s stock valued at $2,840,000 after acquiring an additional 26,537 shares in the last quarter. State Street Corp increased its holdings in shares of Stock Yards Bancorp by 2.
0% in the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock valued at $48,506,000 after acquiring an additional 15,156 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Stock Yards Bancorp in the 4th quarter worth $954,000.
Finally, Raymond James Financial Inc. purchased a new stake in shares of Stock Yards Bancorp during the 4th quarter worth $835,000. 56.
46% of the stock is currently owned by institutional investors. Stock Yards Bancorp Price PerformanceSYBT opened at $67.31 on Thursday.
The firm has a market capitalization of $1.98 billion, a PE ratio of 17.30 and a beta of 0.
77. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.
94 and a quick ratio of 0.94. The business’s 50-day moving average is $70.
72 and its two-hundred day moving average is $70.55. Stock Yards Bancorp, Inc.
has a 1 year low of $42.35 and a 1 year high of $79.79.
Stock Yards Bancorp (NASDAQ:SYBT – Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.
82 EPS. Research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.
16 earnings per share for the current fiscal year. Stock Yards Bancorp Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid 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 1.84%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 31.
88%. About Stock Yards Bancorp (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 ReadingFive stocks we like better than Stock Yards Bancorp5 discounted opportunities for dividend growth investorsQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreInvesting in Commodities: What Are They? How to Invest in ThemAre Tariffs Threatening Disney’s Comeback Story?What Investors Must Know About Over-the-Counter (OTC) StocksIs Alphabet a Generational Buying Opportunity at These Levels?.
