Moors & Cabot Inc. Makes New Investment in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Moors & Cabot Inc. bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,072 shares of the bank’s stock, valued at approximately $220,000.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp increased its position 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 worth $34,000 after buying an additional 431 shares during the last quarter. Principal Securities Inc. increased its position in Stock Yards Bancorp by 115.6% in the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock worth $35,000 after buying an additional 260 shares during the last quarter. Kentucky Trust Co purchased a new stake in Stock Yards Bancorp in the fourth quarter worth $44,000. Allworth Financial LP increased its position in Stock Yards Bancorp by 126.2% in the fourth quarter. Allworth Financial LP now owns 846 shares of the bank’s stock worth $63,000 after buying an additional 472 shares during the last quarter. Finally, Pillar Financial Advisors LLC purchased a new stake in Stock Yards Bancorp in the fourth quarter worth $113,000. 56.46% of the stock is owned by hedge funds and other institutional investors.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock opened at $68.54 on Monday. Stock Yards Bancorp, Inc. has a one year low of $42.35 and a one year high of $79.79. The business has a fifty day moving average price of $72.51 and a 200-day moving average price of $69.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $2.02 billion, a P/E ratio of 17.62 and a beta of 0.84.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period last year, the company earned $0.82 earnings per share. As a group, equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp’s payout ratio is 31.88%.

About Stock Yards Bancorp

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.