Stock Yards Bancorp, Inc. $SYBT Position Raised by Stock Yards Bank & Trust Co.

Key Points

• Stock Yards Bank & Trust Co. increased its stake in Stock Yards Bancorp by 37.7% in Q4 to 1,338,377 shares, now owning 4.54% of the company (≈$86.93M) and making SYBT its ninth-largest holding.
• Stock Yards Bancorp beat Q1 estimates with EPS of $1.24 (vs. $1.20) and revenue of $104.47M (vs. $102.42M); the company has a market cap of about $2.0B, a P/E of 14.24 and ROE of 13.68%. It also pays a quarterly dividend of $0.32 ($1.28 annual, yield ~1.9%, payout ratio ~26.95%).
• Analyst sentiment is mixed-to-cautious: one Buy and five Hold ratings produce a consensus "Hold" and a $79 consensus target, though recent notes include upgrades (Hovde) and downgrades (Zacks).

Stock Yards Bank & Trust Co. grew its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,338,377 shares of the bank's stock after purchasing an additional 366,475 shares during the period. Stock Yards Bancorp comprises approximately 2.7% of Stock Yards Bank & Trust Co.'s investment portfolio, making the stock its 9th largest holding. Stock Yards Bank & Trust Co. owned 4.54% of Stock Yards Bancorp worth $86,928,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SYBT. Quarry LP acquired a new position in shares of Stock Yards Bancorp during the 3rd quarter worth approximately $28,000. Brown Brothers Harriman & Co. acquired a new position in shares of Stock Yards Bancorp during the 3rd quarter worth approximately $45,000. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 396 shares during the period. Huntington National Bank raised its stake in shares of 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 buying an additional 163 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Stock Yards Bancorp during the 3rd quarter worth approximately $92,000. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Up 0.7%

NASDAQ SYBT opened at $67.66 on Tuesday. The business has a fifty day moving average price of $66.38 and a 200 day moving average price of $67.22. Stock Yards Bancorp, Inc. has a one year low of $60.75 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. The company has a market cap of $2.00 billion, a P/E ratio of 14.24 and a beta of 0.67.

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

Stock Yards Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, March 16th. Stock Yards Bancorp's dividend payout ratio is presently 26.95%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SYBT shares. Wall Street Zen raised Stock Yards Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Stock Yards Bancorp in a research note on Monday, December 29th. Piper Sandler reaffirmed a "neutral" rating and set a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a research note on Friday, January 30th. Zacks Research downgraded Stock Yards Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Hovde Group raised Stock Yards Bancorp from a "market perform" rating to an "outperform" rating and set a $75.00 price objective for the company in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $79.00.

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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