Susquehanna Fundamental Investments LLC Purchases 10,226 Shares of Stock Yards Bancorp, Inc. $SYBT

Susquehanna Fundamental Investments LLC increased its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 61.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,741 shares of the bank’s stock after purchasing an additional 10,226 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Stock Yards Bancorp were worth $2,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. grew its stake in Stock Yards Bancorp by 1.3% in the third quarter. Raymond James Financial Inc. now owns 18,664 shares of the bank’s stock worth $1,306,000 after purchasing an additional 237 shares during the period. ProShare Advisors LLC raised its holdings in Stock Yards Bancorp by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 4,809 shares of the bank’s stock worth $312,000 after purchasing an additional 310 shares in the last quarter. California State Teachers Retirement System lifted its position in Stock Yards Bancorp by 1.5% during the second quarter. California State Teachers Retirement System now owns 25,710 shares of the bank’s stock valued at $2,031,000 after buying an additional 383 shares during the period. Handelsbanken Fonder AB lifted its position in Stock Yards Bancorp by 7.5% during the fourth quarter. Handelsbanken Fonder AB now owns 5,700 shares of the bank’s stock valued at $370,000 after buying an additional 400 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in shares of Stock Yards Bancorp during the 2nd quarter valued at $31,000. 56.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SYBT shares. Wall Street Zen raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings raised shares of Stock Yards Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Hovde Group lowered shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $82.00 to $90.00 in a research note on Thursday, July 30th. Piper Sandler reissued a “neutral” rating and set a $81.00 price objective (up from $78.00) on shares of Stock Yards Bancorp in a research note on Friday, June 26th. Finally, Raymond James Financial assumed coverage on shares of Stock Yards Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.00.

Stock Yards Bancorp Stock Down 1.1%

Stock Yards Bancorp stock opened at $78.37 on Wednesday. Stock Yards Bancorp, Inc. has a 12 month low of $61.51 and a 12 month high of $89.21. The stock has a fifty day simple moving average of $80.80 and a two-hundred day simple moving average of $73.29. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 15.61 and a beta of 0.66.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, July 29th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.23. Stock Yards Bancorp had a net margin of 25.41% and a return on equity of 13.39%. The firm had revenue of $114.71 million for the quarter, compared to the consensus estimate of $111.66 million. Equities analysts predict that Stock Yards Bancorp, Inc. will post 5.16 EPS for the current fiscal year.

Stock Yards Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 21st will be issued a $0.33 dividend. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, September 21st. Stock Yards Bancorp’s dividend payout ratio is 25.50%.

Insider Buying and Selling

In other Stock Yards Bancorp news, Director Laura L. Wells sold 6,823 shares of Stock Yards Bancorp stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $86.29, for a total value of $588,756.67. Following the completion of the sale, the director owned 9,580 shares of the company’s stock, valued at approximately $826,658.20. The trade was a 41.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

About Stock Yards Bancorp

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.