Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,415 shares of the bank’s stock after selling 640 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Stock Yards Bancorp were worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Stock Yards Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock worth $48,506,000 after purchasing an additional 15,156 shares during the period. Geode Capital Management LLC increased its position in Stock Yards Bancorp by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,744 shares of the bank’s stock worth $39,480,000 after purchasing an additional 5,391 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Stock Yards Bancorp in the third quarter valued at approximately $30,255,000. Curi RMB Capital LLC lifted 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 buying an additional 9,291 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Stock Yards Bancorp by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 219,027 shares of the bank’s stock valued at $13,577,000 after buying an additional 3,531 shares in the last quarter. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Price Performance

SYBT stock opened at $72.86 on Friday. The firm has a market cap of $2.14 billion, a P/E ratio of 18.73 and a beta of 0.86. 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 1 year low of $42.35 and a 1 year high of $79.79. The stock has a 50-day simple moving average of $73.07 and a 200-day simple moving average of $68.66.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data 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 net margin of 22.54% and a return on equity of 12.71%. During the same period in the prior year, the business earned $0.82 earnings per share. On average, equities analysts predict that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 31.88%.

Wall Street Analyst Weigh In

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

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.