Stock Yards Bancorp Inc (SYBT) Shares Bought by Geode Capital Management LLC

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Geode Capital Management LLC grew its holdings in shares of Stock Yards Bancorp Inc (NASDAQ:SYBT) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 265,728 shares of the bank’s stock after purchasing an additional 15,278 shares during the period. Geode Capital Management LLC’s holdings in Stock Yards Bancorp were worth $8,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of Stock Yards Bancorp by 116.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,026 shares of the bank’s stock worth $146,000 after purchasing an additional 2,168 shares during the period. BlackRock Inc. lifted its position in Stock Yards Bancorp by 0.7% during the third quarter. BlackRock Inc. now owns 1,605,240 shares of the bank’s stock valued at $58,271,000 after acquiring an additional 11,897 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Stock Yards Bancorp by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 909,253 shares of the bank’s stock valued at $33,005,000 after acquiring an additional 40,296 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Stock Yards Bancorp by 31.0% during the third quarter. The Manufacturers Life Insurance Company now owns 603,918 shares of the bank’s stock valued at $21,923,000 after acquiring an additional 142,782 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in Stock Yards Bancorp by 56.1% during the third quarter. MetLife Investment Advisors LLC now owns 16,596 shares of the bank’s stock valued at $602,000 after acquiring an additional 5,963 shares during the last quarter. 50.77% of the stock is currently owned by institutional investors.

NASDAQ:SYBT opened at $34.57 on Tuesday. Stock Yards Bancorp Inc has a 52 week low of $28.02 and a 52 week high of $41.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $790.81 million, a P/E ratio of 14.29 and a beta of 0.42.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its earnings results on Thursday, January 24th. The bank reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. Stock Yards Bancorp had a net margin of 31.70% and a return on equity of 15.83%. The company had revenue of $41.49 million during the quarter, compared to analysts’ expectations of $40.40 million. As a group, equities analysts anticipate that Stock Yards Bancorp Inc will post 2.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. Stock Yards Bancorp’s payout ratio is 41.32%.

In other Stock Yards Bancorp news, insider Kathy C. Thompson sold 3,015 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $36.15, for a total transaction of $108,992.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman David P. Heintzman sold 2,865 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $34.91, for a total transaction of $100,017.15. Following the transaction, the chairman now owns 142,437 shares in the company, valued at approximately $4,972,475.67. The disclosure for this sale can be found here. Insiders have purchased 971 shares of company stock valued at $33,541 in the last three months. 8.30% of the stock is currently owned by corporate insiders.

SYBT has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. FIG Partners cut shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research report on Tuesday, January 8th. BidaskClub raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th.

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Stock Yards Bancorp Profile

Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, money market deposits, and time deposits.

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Want to see what other hedge funds are holding SYBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stock Yards Bancorp Inc (NASDAQ:SYBT).

Institutional Ownership by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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