10,713 Shares in Stock Yards Bancorp, Inc. $SYBT Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,713 shares of the bank’s stock, valued at approximately $710,000.

Several other large investors have also recently made changes to their positions in SYBT. Raymond James Financial Inc. lifted its holdings in shares of Stock Yards Bancorp by 1.3% in the 3rd quarter. Raymond James Financial Inc. now owns 18,664 shares of the bank’s stock worth $1,306,000 after acquiring an additional 237 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Stock Yards Bancorp by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 4,809 shares of the bank’s stock valued at $312,000 after purchasing an additional 310 shares during the last quarter. California State Teachers Retirement System raised its position in Stock Yards Bancorp by 1.5% in the 2nd quarter. California State Teachers Retirement System now owns 25,710 shares of the bank’s stock worth $2,031,000 after purchasing an additional 383 shares during the period. GAMMA Investing LLC raised its position in Stock Yards Bancorp by 92.1% in the 4th quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock worth $54,000 after purchasing an additional 396 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Stock Yards Bancorp by 7.5% in the fourth quarter. Handelsbanken Fonder AB now owns 5,700 shares of the bank’s stock worth $370,000 after purchasing an additional 400 shares during the last quarter. 56.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SYBT has been the subject of several analyst reports. Stephens upped their price target on shares of Stock Yards Bancorp from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Raymond James Financial initiated coverage on Stock Yards Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Stock Yards Bancorp in a research note on Friday. Wall Street Zen cut Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a report on Sunday. Finally, Zacks Research lowered Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Stock Yards Bancorp presently has an average rating of “Hold” and an average price target of $76.75.

Stock Yards Bancorp Stock Up 0.4%

Shares of NASDAQ:SYBT opened at $76.55 on Tuesday. The stock’s 50-day moving average is $73.28 and its 200 day moving average is $69.58. The company has a market cap of $2.26 billion, a PE ratio of 15.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Stock Yards Bancorp, Inc. has a 1 year low of $61.51 and a 1 year high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.07. The business had revenue of $102.63 million during the quarter, compared to analysts’ expectations of $108.18 million. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%. Sell-side analysts anticipate that Stock Yards Bancorp, Inc. will post 4.96 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 26.34%.

Insiders Place Their Bets

In related news, President Philip Poindexter sold 1,221 shares of Stock Yards Bancorp stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $70.68, for a total value 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 SEC, which is available at this link. 2.90% of the stock is currently owned by company insiders.

Stock Yards Bancorp 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.