Thrivent Financial for Lutherans purchased a new stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 114,872 shares of the bank’s stock, valued at approximately $7,461,000.
A number of other institutional investors also recently modified their holdings of SYBT. Quarry LP bought a new position in shares of Stock Yards Bancorp in the third quarter valued at approximately $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Stock Yards Bancorp in the third quarter valued at approximately $45,000. GAMMA Investing LLC raised its position in shares of Stock Yards Bancorp by 92.1% in the fourth quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock valued at $54,000 after purchasing an additional 396 shares during the period. Huntington National Bank raised its position in shares of Stock Yards Bancorp by 15.0% in the third quarter. Huntington National Bank now owns 1,247 shares of the bank’s stock valued at $87,000 after purchasing an additional 163 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Stock Yards Bancorp in the third quarter valued at approximately $92,000. Institutional investors own 56.46% of the company’s stock.
Stock Yards Bancorp Trading Up 1.2%
Shares of SYBT stock opened at $71.02 on Thursday. Stock Yards Bancorp, Inc. has a 1 year low of $61.51 and a 1 year high of $83.83. The firm’s fifty day simple moving average is $68.48 and its 200 day simple moving average is $67.64. The firm has a market capitalization of $2.10 billion, a P/E ratio of 14.61 and a beta of 0.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.
Stock Yards Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.32 dividend. 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 dividend payout ratio is currently 26.34%.
Analyst Ratings Changes
A number of equities analysts have recently commented on SYBT shares. Weiss Ratings raised shares of Stock Yards Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods lifted their price target on shares of Stock Yards Bancorp from $80.00 to $81.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. Stephens boosted their target price on shares of Stock Yards Bancorp from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $78.00 target price (up from $76.00) on shares of Stock Yards Bancorp in a research report on Monday, April 27th. Finally, Hovde Group raised shares of Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.00.
Check Out Our Latest Report on Stock Yards Bancorp
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.
Further Reading
- Five stocks we like better than Stock Yards Bancorp
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Want to see what other hedge funds are holding SYBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Free Report).
Receive News & Ratings for Stock Yards Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
