Chicago Equity Partners LLC cut its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 66.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,105 shares of the bank’s stock after selling 34,605 shares during the quarter. Chicago Equity Partners LLC owned 0.08% of Stock Yards Bancorp worth $665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Stock Yards Bancorp during the 1st quarter worth $194,000. John W. Rosenthal Capital Management Inc. boosted its stake in shares of Stock Yards Bancorp by 2.8% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 162,980 shares of the bank’s stock worth $6,340,000 after acquiring an additional 4,500 shares in the last quarter. ARGI Investment Services LLC boosted its stake in shares of Stock Yards Bancorp by 1.8% during the 1st quarter. ARGI Investment Services LLC now owns 9,409 shares of the bank’s stock worth $382,000 after acquiring an additional 167 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Stock Yards Bancorp by 1.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 895,398 shares of the bank’s stock worth $34,831,000 after acquiring an additional 12,325 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Stock Yards Bancorp by 2.3% during the 1st quarter. Swiss National Bank now owns 35,323 shares of the bank’s stock worth $1,436,000 after acquiring an additional 800 shares in the last quarter. 48.13% of the stock is owned by institutional investors and hedge funds.

SYBT has been the subject of several research reports. BidaskClub lowered Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Hilliard Lyons raised Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Thursday, May 25th.

ILLEGAL ACTIVITY WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/09/12/chicago-equity-partners-llc-trims-stake-in-stock-yards-bancorp-inc-sybt.html.

In other Stock Yards Bancorp news, CEO David P. Heintzman sold 1,500 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $39.05, for a total transaction of $58,575.00. Following the completion of the sale, the chief executive officer now owns 167,809 shares in the company, valued at approximately $6,552,941.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David P. Heintzman sold 1,314 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $38.05, for a total transaction of $49,997.70. Following the sale, the chief executive officer now owns 169,309 shares of the company’s stock, valued at approximately $6,442,207.45. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 295 shares of company stock valued at $10,697 and have sold 5,480 shares valued at $202,467. Insiders own 6.20% of the company’s stock.

Shares of Stock Yards Bancorp, Inc. (SYBT) opened at 33.40 on Tuesday. The stock’s 50 day moving average price is $35.08 and its 200 day moving average price is $38.51. The company has a market capitalization of $756.81 million, a price-to-earnings ratio of 18.15 and a beta of 0.68. Stock Yards Bancorp, Inc. has a 1-year low of $31.11 and a 1-year high of $48.05.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, July 26th. The bank reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by $0.02. The business had revenue of $36.91 million for the quarter, compared to the consensus estimate of $37.06 million. Stock Yards Bancorp had a net margin of 28.11% and a return on equity of 13.36%. Analysts expect that Stock Yards Bancorp, Inc. will post $1.90 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, September 8th. Stock Yards Bancorp’s payout ratio is 43.24%.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.

Institutional Ownership by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

Receive News & Stock Ratings for Stock Yards Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp Inc. and related stocks with our FREE daily email newsletter.