Comerica Bank trimmed its holdings in Stock Yards Bancorp Inc (NASDAQ:SYBT) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,004 shares of the bank’s stock after selling 1,341 shares during the quarter. Comerica Bank owned about 0.11% of Stock Yards Bancorp worth $831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SYBT. Quantamental Technologies LLC acquired a new position in Stock Yards Bancorp in the fourth quarter valued at approximately $29,000. Bank of Montreal Can boosted its holdings in Stock Yards Bancorp by 35.7% in the fourth quarter. Bank of Montreal Can now owns 2,704 shares of the bank’s stock valued at $89,000 after purchasing an additional 712 shares in the last quarter. First Hawaiian Bank acquired a new position in Stock Yards Bancorp in the fourth quarter valued at approximately $114,000. Russell Investments Group Ltd. boosted its holdings in Stock Yards Bancorp by 116.7% in the third quarter. Russell Investments Group Ltd. now owns 4,026 shares of the bank’s stock valued at $146,000 after purchasing an additional 2,168 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Stock Yards Bancorp in the third quarter valued at approximately $206,000. 50.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SYBT opened at $35.46 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.96 and a quick ratio of 0.96. Stock Yards Bancorp Inc has a twelve month low of $28.02 and a twelve month high of $41.00. The company has a market capitalization of $806.38 million, a price-to-earnings ratio of 14.65 and a beta of 0.43.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. Stock Yards Bancorp had a return on equity of 15.83% and a net margin of 31.70%. The company had revenue of $41.49 million during the quarter, compared to analysts’ expectations of $40.40 million. As a group, sell-side analysts anticipate that Stock Yards Bancorp Inc will post 2.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, March 15th. Stock Yards Bancorp’s dividend payout ratio is currently 41.32%.

In other Stock Yards Bancorp news, Chairman David P. Heintzman sold 2,865 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $34.91, for a total value of $100,017.15. Following the completion of the sale, the chairman now owns 142,437 shares in the company, valued at $4,972,475.67. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kathy C. Thompson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $32.63, for a total value of $48,945.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 2,655 shares of company stock valued at $85,654 and sold 8,880 shares valued at $306,899. 8.42% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, February 15th. FIG Partners downgraded Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a report on Tuesday, January 8th. BidaskClub upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, ValuEngine upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th.

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Stock Yards Bancorp Profile

Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits.

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

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