Stock Yards Bancorp, Inc. $SYBT Holdings Increased by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,189 shares of the bank’s stock after buying an additional 12,976 shares during the quarter. Natixis Advisors LLC’s holdings in Stock Yards Bancorp were worth $10,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYBT. AQR Capital Management LLC raised its position in shares of Stock Yards Bancorp by 47.4% during the 1st quarter. AQR Capital Management LLC now owns 7,143 shares of the bank’s stock worth $493,000 after buying an additional 2,297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Stock Yards Bancorp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,225 shares of the bank’s stock worth $1,051,000 after buying an additional 658 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Stock Yards Bancorp by 28.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,643 shares of the bank’s stock worth $3,636,000 after purchasing an additional 11,758 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Stock Yards Bancorp in the 1st quarter worth approximately $3,400,000. Finally, Cetera Investment Advisers bought a new stake in shares of Stock Yards Bancorp in the 2nd quarter worth approximately $365,000. 56.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Philip Poindexter sold 1,221 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $70.68, for a total transaction of $86,300.28. Following the sale, the president owned 53,376 shares in the company, valued at $3,772,615.68. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

Stock Yards Bancorp Stock Up 0.1%

NASDAQ SYBT opened at $71.81 on Friday. Stock Yards Bancorp, Inc. has a 12 month low of $61.51 and a 12 month high of $83.83. The company’s 50 day simple moving average is $70.38 and its 200 day simple moving average is $68.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $2.12 billion, a P/E ratio of 14.78 and a beta of 0.69.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. Stock Yards Bancorp had a net margin of 25.06% and a return on equity of 13.58%. The business had revenue of $102.63 million for the quarter, compared to analyst estimates of $108.18 million. Equities research analysts expect that Stock Yards Bancorp, Inc. will post 5.1 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Stock Yards Bancorp’s payout ratio is currently 26.34%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SYBT. Keefe, Bruyette & Woods boosted their target price on shares of Stock Yards Bancorp from $80.00 to $81.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of Stock Yards Bancorp from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Piper Sandler reiterated a “neutral” rating and issued a $78.00 target price (up from $76.00) on shares of Stock Yards Bancorp in a report on Monday, April 27th. Zacks Research downgraded shares of Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Stock Yards Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.00.

Stock Yards Bancorp Company 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.