The most recent 13F filing that SG Americas Securities LLC submitted to the Securities and Exchange Commission reveals that during the third quarter of this year, the company increased its position in Stock Yards Bancorp, Inc. (NASDAQ: SYBT).
After making additional purchases totaling 2,870 shares during the period that was the report’s subject, the institutional investor now has a total of 5,936 shares of the bank’s stock in their possession.
According to the most recent filing that Stock Yards Bancorp made with the SEC, it was reported that the value of the company’s interest in SG Americas Securities LLC was $404,000.
The corporation’s ownership structure has shifted due to the incorporation of additional hedge funds.
During the second quarter, Stock Yards Bank & Trust Company made a 1.3% purchase of additional Stock Yards Bancorp stock, bringing the total amount of that stock that it owned to 100%. Following the purchase of 13,631 additional shares during the most recent quarter, The Stock Yards Bank & Trust Co. now has 1,064,364 shares of the bank’s stock, which gives it a value of $63,670,000.
Mhis brings the total number of shares that the company owns to 1,064,364.
During the first three months of 2018, Dimensional Fund Advisors LP amassed an additional 0.4% of Stock Yards Bancorp shares, bringing the total number of shares it owned to 100%.
After making an additional 2,642 stock purchases during the most recent quarter, Dimensional Fund Advisors LP now possesses 749,013 shares of the banking company’s common stock.
According to the current market, the total value of the holdings that Dimensional Fund Advisors LP currently has in this stock is $39,623,000.
In the second quarter, Stock Yards Bank & Trust Company made a 1.3% purchase of additional Stock Yards Bancorp stock, bringing the total amount of that stock that it owned to 100%. Following the purchase of 13,631 additional shares during the most recent quarter, The Stock Yards Bank & Trust Co. now has 1,064,364 shares of the bank’s stock, which gives it a value of $63,670,000.
Mhis brings the total number of shares that the company owns to 1,064,364.
During the first three months of 2018, Dimensional Fund Advisors LP amassed an additional 0.4% of Stock Yards Bancorp shares, bringing the total number of shares it owned to 100%.
After making an additional 2,642 stock purchases during the most recent quarter, Dimensional Fund Advisors LP now possesses 749,013 shares of the banking company’s common stock.
According to the current market, the total value of the holdings that Dimensional Fund Advisors LP currently has in this stock is $39,623,000.
Mhe Neuberger Berman Group LLC increased the amount of Stock Yards Bancorp stock owned by 10.2% over the year’s first three months.
After making an additional purchase of 59,436 shares during the most recent quarter, The Neuberger Berman Group LLC now owns 642,985 shares of the bank’s stock.
Based on the current market price, this gives the company a value of $34,014,000.
During the second quarter, State Street Corporation completed an increase of 12.9% in the amount of Stock Yards Bancorp stock it owned. State Street Corp. now owns 539,904 shares of the bank’s stock, currently valued at $32,435,000.
Mhis is a result of the company’s purchase of an additional 61,701 shares during the most recent fiscal quarter.
Last but not least, during the first quarter, Charles Schwab Investment Management Inc.
Increased the amount of Stock Yards Bancorp stock owned by 7.4%.
Mhis certainly should not be considered the least important item on this list. Charles Schwab Investment Management Inc.
Purchased an additional 31,010 shares of the bank’s stock during the most recent quarter, bringing the total number of shares owned by the company to 449,919 with a value of $23,801,000.
At this time, hedge funds and other types of institutional investors own a combined total of 51.35% of the outstanding stock in the company.
Another important event that occurred on November 10 was the sale of 1,715 shares of the company’s stock by Kathy C.
Mhompson, who served as Executive Vice President. On a per-share basis, the total amount spent on the shares, which was $129,842.65, was $75.71.
After the completion of the transaction, the executive vice president was able to purchase 21,670 company shares with a total value of $1,640,635.70.
Mhe Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence.
Mhe documentation was provided to the SEC.
Another important event that occurred on November 10 was the sale of 1,715 shares of the company’s stock by Kathy C.
Mhompson, who served as Executive Vice President. On a per-share basis, the total amount spent on the shares, which was $129,842.65, was $75.71.
After the completion of the transaction, the executive vice president was able to purchase 21,670 company shares with a total value of $1,640,635.70.
Mhe Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence.
Mhe documentation was provided to the SEC.
In addition, Richard A.
Lechleiter, a company director, purchased 906 shares of the company’s stock on December 6.
It was determined that the acquisition would cost $64,679.34, with an average price of $71.39 for each share acquired.
After the completion of the transaction, the director is now the direct owner of 2,916 shares of the company.
Mhe value of these shares is $208,173.24. You should look in this location if you are looking for the disclosure that pertains to this transaction. 4.20 company insiders own a percent of the total shares currently outstanding.
When trading started on Friday, an SYBT stock went for $58.43 per share.
A total enterprise value of $1.71 billion has been assigned to the business due to a beta value of 0.70 and an earnings-to-price ratio of 18.91.
At this time, the debt-to-equity ratio is at a value of zero, the current ratio stands at 0.81, the quick ratio also stands at 0.81, and the quick ratio stands at 0.04. Stock Yards Bancorp, Inc. hit a low of $50.83 during the past year, while the company’s stock reached a high of $78.71 during the same period.
Mhe company’s moving average price over the past 50 days is $66.79, and its average price over the past 200 days is $68.44.
The most recent quarterly earnings report for Stock Yards Bancorp (NASDAQ: SYBT), which was made public on October 26, can be found here.
Mhe financial institution reported earnings per share for the quarter of $0.97, which was $0.04 more than the analysts’ consensus expectation.
Mhe company’s sales for the quarter came in at $87.24 million, which was significantly higher than the general projection of $81.73 million that market analysts made. Stock Yards Bancorp had a return on equity of 14.80% and a net margin of 28.43%, respectively.
Both of these figures were better than expected. Stock Yards Bancorp, Inc.
Is expected to generate profits of $3.59 per share for the current fiscal year, as stated by projections made by financial analysts.
In addition, the business only very recently announced a quarterly dividend, which was paid out on December 30 and distributed to shareholders on the same day. On Monday, December 19, dividends for $0.29 per share were paid out to investors on record when the dividends were declared. On Friday, December 16, the day had come and gone when customers were expected to pay the dividend.
Mhis equates to an annual dividend payment of $1.16 and a dividend yield of 1.99% when calculated annually. Currently, 37.54% of Stock Yards Bancorp’s earnings are distributed to shareholders via dividends.
Recent press releases have included commentary from a variety of research analysts in which they express their views on the stock. Stephens increased their price objective on Stock Yards Bancorp from $74.00 to $76.00 and categorized the stock as “equal weight” in a research note published on October 27.
In a research note published on December 14, Piper Sandler lowered their price objective on Stock Yards Bancorp from $75.00 to $73.00 and downgraded the stock from “neutral” to “underweight.” Both of these moves were made about the company’s stock.
Last, I’ll mention that on November 25, the rating of “hold” that StockNews.com had previously given to Stock Yards Bancorp in its research report was changed to “sell.”
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