Thoroughbred Financial Services LLC Has $1.70 Million Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Thoroughbred Financial Services LLC boosted its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,771 shares of the bank’s stock after acquiring an additional 215 shares during the period. Thoroughbred Financial Services LLC owned 0.08% of Stock Yards Bancorp worth $1,702,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SYBT. Jones Financial Companies Lllp lifted its position in shares of Stock Yards Bancorp by 1,077.5% during the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock worth $34,000 after purchasing an additional 431 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Stock Yards Bancorp by 115.6% in the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock valued at $35,000 after acquiring an additional 260 shares during the period. Kentucky Trust Co acquired a new stake in shares of Stock Yards Bancorp in the fourth quarter worth $44,000. Allworth Financial LP increased its position in Stock Yards Bancorp by 126.2% during the fourth quarter. Allworth Financial LP now owns 846 shares of the bank’s stock worth $63,000 after acquiring an additional 472 shares during the period. Finally, Pillar Financial Advisors LLC acquired a new position in Stock Yards Bancorp during the 4th quarter valued at $113,000. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Stock Performance

NASDAQ SYBT opened at $63.06 on Friday. The company’s fifty day moving average is $71.68 and its two-hundred day moving average is $70.48. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week 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 firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.21 and a beta of 0.84.

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 quarter last year, the business earned $0.82 EPS. Equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

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