Public Employees Retirement System of Ohio acquired a new position in Stock Yards Bancorp Inc (NASDAQ:SYBT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 998 shares of the bank’s stock, valued at approximately $36,000.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Stock Yards Bancorp in the first quarter worth $117,000. Russell Investments Group Ltd. acquired a new position in shares of Stock Yards Bancorp during the second quarter valued at $133,000. Bank of Montreal Can lifted its stake in shares of Stock Yards Bancorp by 56.9% during the first quarter. Bank of Montreal Can now owns 4,243 shares of the bank’s stock valued at $143,000 after acquiring an additional 1,539 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Stock Yards Bancorp by 589.4% during the first quarter. BNP Paribas Arbitrage SA now owns 4,495 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,843 shares during the period. Finally, Amica Retiree Medical Trust lifted its stake in shares of Stock Yards Bancorp by 135.2% during the second quarter. Amica Retiree Medical Trust now owns 7,838 shares of the bank’s stock valued at $283,000 after acquiring an additional 4,505 shares during the period. 50.29% of the stock is currently owned by institutional investors.
In other Stock Yards Bancorp news, EVP Michael Croce sold 970 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $38.09, for a total value of $36,947.30. Following the transaction, the executive vice president now owns 12,686 shares of the company’s stock, valued at $483,209.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James A. Hillebrand sold 2,450 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $37.15, for a total value of $91,017.50. Following the completion of the transaction, the chief executive officer now directly owns 77,686 shares in the company, valued at approximately $2,886,034.90. The disclosure for this sale can be found here. In the last three months, insiders acquired 366 shares of company stock worth $13,272 and sold 23,884 shares worth $885,637. Corporate insiders own 8.30% of the company’s stock.
Shares of SYBT traded up $0.40 during trading hours on Wednesday, hitting $37.21. 465 shares of the stock traded hands, compared to its average volume of 43,701. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22. Stock Yards Bancorp Inc has a 1-year low of $28.02 and a 1-year high of $38.74. The firm has a market capitalization of $858.26 million, a PE ratio of 15.39 and a beta of 0.49. The business has a fifty day moving average of $36.69 and a 200-day moving average of $35.37.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. Stock Yards Bancorp had a return on equity of 16.33% and a net margin of 32.58%. The business had revenue of $43.04 million for the quarter, compared to analyst estimates of $42.35 million. As a group, equities research analysts expect that Stock Yards Bancorp Inc will post 2.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, September 13th. Stock Yards Bancorp’s payout ratio is 42.98%.
Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, money market deposits, and time deposits.
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