1 week Ago By Defense World Staff
JPMorgan Chase & Co. lowered its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Free Report) by 0.
7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,269 shares of the bank’s stock after selling 148 shares during the quarter. JPMorgan Chase & Co.
owned 0.08% of Stock Yards Bancorp worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors have also recently modified their holdings of the business.
Jones Financial Companies Lllp increased its holdings in Stock Yards Bancorp by 1,077.5% in the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock worth $34,000 after buying an additional 431 shares in the last quarter.
Principal Securities Inc. boosted its holdings in shares of Stock Yards Bancorp by 115.6% during the 4th 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 last quarter. Kentucky Trust Co bought a new stake in shares of Stock Yards Bancorp in the fourth quarter worth approximately $44,000.
Allworth Financial LP raised its holdings in shares of Stock Yards Bancorp by 126.2% during the fourth quarter. Allworth Financial LP now owns 846 shares of the bank’s stock valued at $63,000 after purchasing an additional 472 shares during the last quarter.
Finally, Pillar Financial Advisors LLC bought a new position in Stock Yards Bancorp during the fourth quarter valued at approximately $113,000. 56.46% of the stock is owned by institutional investors.
Stock Yards Bancorp Stock PerformanceShares of NASDAQ SYBT opened at $74.67 on Friday. Stock Yards Bancorp, Inc.
has a 12-month low of $44.32 and a 12-month high of $79.79.
The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 19.20 and a beta of 0.
77. 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 50 day moving average of $69.
13 and a 200 day moving average of $71.19. Stock Yards Bancorp (NASDAQ:SYBT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd.
The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.
13. The firm had revenue of $93.63 million during the quarter, compared to the consensus estimate of $92.
90 million. Stock Yards Bancorp had a net margin of 22.54% and a return on equity of 12.
71%. During the same quarter in the previous year, the firm posted $0.88 EPS.
On average, research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.
Stock Yards Bancorp Announces DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.31 dividend.
This represents a $1.24 dividend on an annualized basis and a yield of 1.66%.
The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp’s payout ratio is 31.88%.
Analyst Ratings ChangesA number of equities research analysts have commented on SYBT shares. Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the stock a “neutral” rating in a research report on Thursday.
Keefe, Bruyette & Woods dropped their price target on Stock Yards Bancorp from $84.00 to $80.00 and set a “market perform” rating on the stock in a research note on Thursday.
Finally, Stephens upped their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday.
Read Our Latest Analysis on Stock Yards BancorpStock Yards Bancorp Profile (Free Report)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.
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