Victory Capital Management Inc. Has $76.95 Million Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Victory Capital Management Inc. increased its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 120.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,074,606 shares of the bank’s stock after purchasing an additional 586,550 shares during the quarter. Victory Capital Management Inc. owned approximately 3.65% of Stock Yards Bancorp worth $76,953,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Stock Yards Bancorp during the fourth quarter worth approximately $749,000. Barclays PLC boosted 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 purchasing an additional 26,537 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Stock Yards Bancorp during the third quarter worth approximately $9,082,000. JPMorgan Chase & Co. raised its position in Stock Yards Bancorp by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank’s stock valued at $1,390,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Curi RMB Capital LLC raised its position in Stock Yards Bancorp by 3.9% during the third quarter. Curi RMB Capital LLC now owns 250,369 shares of the bank’s stock valued at $15,520,000 after acquiring an additional 9,291 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens lowered shares of Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $70.00 to $76.00 in a research report on Friday, November 15th.

Stock Yards Bancorp Price Performance

Shares of SYBT opened at $69.36 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of 17.83 and a beta of 0.86. The firm’s 50 day moving average price is $73.01 and its 200 day moving average price is $69.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. Stock Yards Bancorp, Inc. has a twelve month low of $42.35 and a twelve month high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 earnings per share 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 earned $0.82 EPS. As a group, research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS 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 given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio is 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.