Mutual of America Capital Management LLC Buys 30,316 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Mutual of America Capital Management LLC lifted its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 30.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,462 shares of the bank's stock after acquiring an additional 30,316 shares during the quarter. Mutual of America Capital Management LLC owned about 0.44% of Stock Yards Bancorp worth $6,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in shares of Stock Yards Bancorp during the second quarter worth $28,000. Ensign Peak Advisors Inc purchased a new position in Stock Yards Bancorp in the 3rd quarter valued at about $87,000. FMR LLC grew its stake in shares of Stock Yards Bancorp by 19.7% during the second quarter. FMR LLC now owns 1,588 shares of the bank's stock valued at $95,000 after acquiring an additional 261 shares in the last quarter. Covestor Ltd increased its position in shares of Stock Yards Bancorp by 58.2% during the third quarter. Covestor Ltd now owns 3,384 shares of the bank's stock worth $133,000 after acquiring an additional 1,245 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Stock Yards Bancorp in the fourth quarter worth about $165,000. 56.46% of the stock is owned by hedge funds and other institutional investors.

Stock Yards Bancorp Stock Performance

Shares of SYBT traded down $0.27 during mid-day trading on Friday, hitting $43.94. The stock had a trading volume of 51,046 shares, compared to its average volume of 92,507. Stock Yards Bancorp, Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $53.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.29 billion, a PE ratio of 11.97 and a beta of 0.81. The company's fifty day simple moving average is $46.03 and its two-hundred day simple moving average is $45.89.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). The business had revenue of $119.66 million during the quarter, compared to analyst estimates of $82.60 million. Stock Yards Bancorp had a return on equity of 13.20% and a net margin of 24.54%. On average, equities analysts expect that Stock Yards Bancorp, Inc. will post 3.37 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 15th. This represents a $1.20 annualized dividend and a yield of 2.73%. Stock Yards Bancorp's dividend payout ratio (DPR) is 32.70%.

Analysts Set New Price Targets

Several research firms have issued reports on SYBT. Piper Sandler assumed coverage on Stock Yards Bancorp in a report on Wednesday, March 6th. They set a "neutral" rating and a $52.00 price objective on the stock. Hovde Group initiated coverage on shares of Stock Yards Bancorp in a research note on Monday, March 4th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Stock Yards Bancorp has an average rating of "Hold" and an average price target of $48.00.

Stock Yards Bancorp Company Profile

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.