Thoroughbred Financial Services LLC Buys 215 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Thoroughbred Financial Services LLC boosted its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,771 shares of the bank’s stock after buying an additional 215 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Stock Yards Bancorp were worth $1,702,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased 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 worth $76,953,000 after purchasing an additional 586,550 shares in the last quarter. Norges Bank acquired a new stake in shares of Stock Yards Bancorp during the fourth quarter worth approximately $5,761,000. Barclays PLC raised its stake in shares of Stock Yards Bancorp by 137.8% in the third 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 during the last quarter. Martin Worley Group bought a new stake in Stock Yards Bancorp during the 4th quarter worth approximately $1,660,000. Finally, Franklin Resources Inc. acquired a new stake in Stock Yards Bancorp during the 4th quarter valued at $1,193,000. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock opened at $63.06 on Friday. The business’s fifty day moving average is $71.68 and its two-hundred day moving average is $70.48. 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 cap of $1.86 billion, a P/E ratio of 16.21 and a beta of 0.84. Stock Yards Bancorp, Inc. has a 52 week low of $42.35 and a 52 week high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly 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 quarter in the prior year, the business posted $0.82 EPS. Equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 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.