Kayne Anderson Rudnick Investment Management LLC Cuts Stock Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,218,259 shares of the bank’s stock after selling 16,046 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 4.14% of Stock Yards Bancorp worth $87,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SYBT. Covestor Ltd lifted its position in shares of Stock Yards Bancorp by 164.5% in the fourth quarter. Covestor Ltd now owns 373 shares of the bank’s stock worth $27,000 after buying an additional 232 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 431 shares in the last quarter. Principal Securities Inc. boosted its position 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 purchased a new position in shares of Stock Yards Bancorp in the fourth quarter valued at $44,000. Finally, Sterling Capital Management LLC increased its position in Stock Yards Bancorp by 806.7% in the fourth quarter. Sterling Capital Management LLC now owns 807 shares of the bank’s stock worth $58,000 after purchasing an additional 718 shares during the last quarter. Institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Price Performance

SYBT stock opened at $67.44 on Monday. Stock Yards Bancorp, Inc. has a 52 week low of $44.32 and a 52 week high of $79.79. The firm has a market capitalization of $1.99 billion, a P/E ratio of 17.34 and a beta of 0.77. The company has a fifty day simple moving average of $69.33 and a two-hundred day simple moving average of $70.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, beating 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 period in the prior year, the business posted $0.82 earnings per share. Analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) 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.