Deprince Race & Zollo Inc. Grows Stock Holdings in Stock Yards Bancorp, Inc. $SYBT

Key Points

• Deprince Race & Zollo Inc. increased its stake in Stock Yards Bancorp (NASDAQ:SYBT) by 146.2% in Q4, adding 67,440 shares to hold 113,560 shares (about 0.39% of the company) valued at $7.376 million.
• Analyst coverage is mixed but skewed neutral — the stock has an average rating of Hold with an average price target of $77.75 (one Buy, five Holds) and several firms recently adjusting targets or ratings.
• Fundamentals: Market cap ~$2.12B, P/E 15.15; the firm beat Q4 EPS ($1.24 vs. $1.20) and pays a $0.32 quarterly dividend ($1.28 annualized, 1.8% yield, 26.95% payout ratio).

Deprince Race & Zollo Inc. boosted its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 146.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,560 shares of the bank's stock after purchasing an additional 67,440 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.39% of Stock Yards Bancorp worth $7,376,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new position in Stock Yards Bancorp during the third quarter valued at $28,000. Brown Brothers Harriman & Co. bought a new position in Stock Yards Bancorp during the 3rd quarter worth about $45,000. GAMMA Investing LLC grew its holdings in Stock Yards Bancorp by 92.1% during the 4th quarter. GAMMA Investing LLC now owns 826 shares of the bank's stock worth $54,000 after acquiring an additional 396 shares in the last quarter. Huntington National Bank grew its holdings in Stock Yards Bancorp by 15.0% during the 3rd quarter. Huntington National Bank now owns 1,247 shares of the bank's stock worth $87,000 after acquiring an additional 163 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Stock Yards Bancorp during the 3rd quarter worth about $92,000. Hedge funds and other institutional investors own 56.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SYBT shares. Piper Sandler reiterated a "neutral" rating and set a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a report on Friday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of Stock Yards Bancorp from $79.00 to $80.00 and gave the stock a "market perform" rating in a report on Thursday, April 9th. Zacks Research cut shares of Stock Yards Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Hovde Group upgraded shares of Stock Yards Bancorp from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a report on Friday, March 6th. Finally, Wall Street Zen raised shares of Stock Yards Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Stock Yards Bancorp presently has an average rating of "Hold" and an average price target of $77.75.

Stock Yards Bancorp Stock Performance

SYBT stock opened at $71.94 on Tuesday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 15.15 and a beta of 0.67. The firm has a 50-day simple moving average of $66.66 and a two-hundred day simple moving average of $67.14. Stock Yards Bancorp, Inc. has a one year low of $61.51 and a one year high of $83.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $104.47 million during the quarter, compared to analyst estimates of $102.42 million. Stock Yards Bancorp had a net margin of 24.83% and a return on equity of 13.68%. On average, equities analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, March 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 26.95%.

Stock Yards Bancorp Profile

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank's core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.

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