Alpha DNA Investment Management LLC Sells 1,280 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Alpha DNA Investment Management LLC lessened its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 16.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,340 shares of the bank’s stock after selling 1,280 shares during the period. Alpha DNA Investment Management LLC’s holdings in Stock Yards Bancorp were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SYBT. Covestor Ltd grew its stake 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 acquiring an additional 232 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Stock Yards Bancorp by 1,077.5% in the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock worth $34,000 after purchasing an additional 431 shares in the last quarter. Principal Securities Inc. grew its position in 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 purchasing an additional 260 shares during the last quarter. Kentucky Trust Co bought a new stake in Stock Yards Bancorp during the 4th quarter valued at about $44,000. Finally, Sterling Capital Management LLC raised its holdings 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 buying an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Trading Up 0.6 %

Shares of NASDAQ SYBT opened at $67.44 on Friday. The firm’s 50 day moving average price is $69.53 and its 200-day moving average price is $70.66. Stock Yards Bancorp, Inc. has a 52-week low of $42.78 and a 52-week high of $79.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $1.99 billion, a PE ratio of 17.34 and a beta of 0.77.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.82 EPS. On average, equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.31 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.84%. 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.