Franklin Resources Inc. Makes New $1.19 Million Investment in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Franklin Resources Inc. bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,662 shares of the bank’s stock, valued at approximately $1,193,000. Franklin Resources Inc. owned 0.06% of Stock Yards Bancorp at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Baron Silver Stevens Financial Advisors LLC purchased a new position in Stock Yards Bancorp during the 4th quarter valued at about $749,000. Barclays PLC raised its holdings in shares of Stock Yards Bancorp by 137.8% during the third quarter. Barclays PLC now owns 45,801 shares of the bank’s stock worth $2,840,000 after acquiring an additional 26,537 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Stock Yards Bancorp by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank’s stock valued at $1,390,000 after buying an additional 1,360 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 5,391 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Stock Yards Bancorp in the 4th quarter worth approximately $453,000. 56.46% of the stock is owned by hedge funds and other institutional investors.

Stock Yards Bancorp Stock Performance

NASDAQ:SYBT opened at $66.42 on Wednesday. Stock Yards Bancorp, Inc. has a 1 year low of $42.35 and a 1 year high of $79.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.96 billion, a PE ratio of 17.07 and a beta of 0.77. The firm’s fifty day simple moving average is $69.87 and its 200 day simple moving average is $70.65.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data 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. On average, sell-side analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current 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 paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 annualized dividend and a dividend yield of 1.87%. Stock Yards Bancorp’s dividend payout ratio is presently 31.88%.

Stock Yards Bancorp Company Profile

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.