Stock Yards Bancorp (NASDAQ:SYBT) Reaches New 12-Month Low at $41.28

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $41.28 and last traded at $41.33, with a volume of 7249 shares traded. The stock had previously closed at $41.76.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Stock Yards Bancorp in a report on Thursday, August 17th. They issued a “sell” rating on the stock.

Stock Yards Bancorp Stock Down 0.7 %

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.55 and a beta of 0.70. The stock has a fifty day moving average of $46.21 and a 200-day moving average of $47.66.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, July 26th. The bank reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). The business had revenue of $84.16 million during the quarter, compared to analyst estimates of $85.27 million. Stock Yards Bancorp had a return on equity of 14.82% and a net margin of 28.87%. As a group, sell-side analysts expect that Stock Yards Bancorp, Inc. will post 3.73 EPS for the current year.

Stock Yards Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, September 15th. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.29. Stock Yards Bancorp’s dividend payout ratio (DPR) is 30.69%.

Institutional Trading of Stock Yards Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in Stock Yards Bancorp during the second quarter valued at $28,000. Geneos Wealth Management Inc. boosted its position in Stock Yards Bancorp by 67.3% during the second quarter. Geneos Wealth Management Inc. now owns 880 shares of the bank’s stock valued at $40,000 after purchasing an additional 354 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Stock Yards Bancorp by 36.4% during the fourth quarter. Quadrant Capital Group LLC now owns 746 shares of the bank’s stock valued at $48,000 after purchasing an additional 199 shares during the last quarter. Ronald Blue Trust Inc. bought a new position in Stock Yards Bancorp during the first quarter valued at about $65,000. Finally, Ensign Peak Advisors Inc bought a new position in Stock Yards Bancorp during the third quarter valued at about $87,000. Institutional investors and hedge funds own 52.65% of the company’s stock.

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 mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services.