Martin Worley Group Buys Shares of 23,179 Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Martin Worley Group bought a new stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,179 shares of the bank’s stock, valued at approximately $1,660,000. Martin Worley Group owned about 0.08% of Stock Yards Bancorp at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Stock Yards Bancorp by 1,077.5% in the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock valued at $34,000 after acquiring 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 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock worth $35,000 after purchasing an additional 260 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Stock Yards Bancorp during the fourth quarter worth $44,000. Allworth Financial LP increased its holdings in Stock Yards Bancorp by 126.2% in 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 acquired a new position in Stock Yards Bancorp in the fourth quarter valued at about $113,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

Shares of NASDAQ:SYBT opened at $69.12 on Thursday. The firm’s 50 day simple moving average is $72.10 and its 200 day simple moving average is $70.50. Stock Yards Bancorp, Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $79.79. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 17.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business earned $0.82 EPS. As a group, sell-side analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio 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.