LPL Financial LLC Has $1.11 Million Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

LPL Financial LLC grew its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 157.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,431 shares of the bank’s stock after buying an additional 9,444 shares during the period. LPL Financial LLC owned 0.05% of Stock Yards Bancorp worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Baron Silver Stevens Financial Advisors LLC bought a new position in Stock Yards Bancorp during the 4th quarter worth approximately $749,000. Barclays PLC raised its stake in 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 buying an additional 26,537 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Stock Yards Bancorp by 6.5% in the third 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 during the period. Geode Capital Management LLC boosted its position in Stock Yards Bancorp by 0.9% during the third 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 during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Stock Yards Bancorp during the 4th quarter worth about $453,000. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Stock Up 0.6 %

Shares of NASDAQ:SYBT opened at $67.44 on Friday. Stock Yards Bancorp, Inc. has a 1 year low of $44.32 and a 1 year high of $79.79. 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 $69.33 and its 200-day moving average is $70.79. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.34 and a beta of 0.77.

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, beating the consensus estimate of $0.99 by $0.08. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period last year, the firm earned $0.82 EPS. Equities research analysts predict that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. Stock Yards Bancorp’s dividend payout ratio is presently 31.88%.

Stock Yards Bancorp 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.