Swiss National Bank Has $3.93 Million Stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Swiss National Bank grew its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,923 shares of the bank’s stock after buying an additional 400 shares during the quarter. Swiss National Bank’s holdings in Stock Yards Bancorp were worth $3,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in Stock Yards Bancorp by 1,077.5% in the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock valued at $34,000 after acquiring an additional 431 shares during the last quarter. Principal Securities Inc. increased its stake in shares of 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 position in shares of Stock Yards Bancorp during the 4th quarter worth $44,000. Allworth Financial LP lifted its position in shares of Stock Yards Bancorp by 126.2% during the 4th 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 stake in Stock Yards Bancorp in the fourth quarter valued at about $113,000. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Performance

Stock Yards Bancorp stock opened at $70.02 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.06 billion, a PE ratio of 18.00 and a beta of 0.84. Stock Yards Bancorp, Inc. has a 12-month low of $42.35 and a 12-month high of $79.79. The business’s 50-day moving average price is $72.56 and its two-hundred day moving average price is $70.13.

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

Stock Yards Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp’s payout ratio is 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.