Stock Yards Bancorp, Inc. $SYBT Shares Bought by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in Stock Yards Bancorp by 47.3% in Q3, buying 17,112 shares to hold 53,259 shares worth about $3.73 million (≈0.18% of the company).
• Analysts have a consensus "Hold" rating with a $79 consensus price target (one Buy vs. five Hold), with recent mixed moves including Hovde upgrading to Outperform and Zacks cutting to Hold.
• The bank beat recent quarterly estimates with $1.24 EPS (vs. $1.20 expected) and $104.5M revenue, has a market cap of $1.98B and a PE of 14.15, and pays a $0.32 quarterly dividend (≈1.9% yield).

JPMorgan Chase & Co. increased its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 47.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,259 shares of the bank's stock after buying an additional 17,112 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Stock Yards Bancorp worth $3,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SYBT. Quarry LP acquired a new stake in Stock Yards Bancorp during the third quarter worth about $28,000. Brown Brothers Harriman & Co. acquired a new position in Stock Yards Bancorp in the third quarter valued at approximately $45,000. Huntington National Bank grew its holdings in shares of Stock Yards Bancorp by 15.0% during the third quarter. Huntington National Bank now owns 1,247 shares of the bank's stock valued at $87,000 after purchasing an additional 163 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Stock Yards Bancorp during the 3rd quarter worth approximately $92,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Stock Yards Bancorp during the 3rd quarter worth approximately $124,000. Institutional investors own 56.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Stock Yards Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. Zacks Research lowered Stock Yards Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Hovde Group upgraded Stock Yards Bancorp from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research note on Friday, March 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Stock Yards Bancorp in a report on Monday, December 29th. Finally, Piper Sandler restated a "neutral" rating and set a $76.00 price target (up from $75.00) on shares of Stock Yards Bancorp in a research report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $79.00.

Stock Yards Bancorp Stock Performance

Shares of NASDAQ SYBT opened at $67.20 on Friday. Stock Yards Bancorp, Inc. has a 12-month low of $60.75 and a 12-month high of $83.83. The company has a market cap of $1.98 billion, a PE ratio of 14.15 and a beta of 0.67. The stock has a 50 day simple moving average of $66.39 and a 200-day simple moving average of $67.39. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its 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 firm had revenue of $104.47 million for the quarter, compared to analysts' expectations of $102.42 million. Stock Yards Bancorp had a return on equity of 13.68% and a net margin of 24.83%. On average, equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, March 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is 26.95%.

About Stock Yards Bancorp

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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