Stock Yards Bancorp, Inc. $SYBT Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBTFree Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 158,189 shares of the bank’s stock after buying an additional 12,976 shares during the period. Natixis Advisors LLC owned about 0.54% of Stock Yards Bancorp worth $10,274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at about $28,000. Brown Brothers Harriman & Co. acquired a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at about $45,000. GAMMA Investing LLC boosted its holdings in shares of Stock Yards Bancorp by 92.1% in the 4th quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock valued at $54,000 after buying an additional 396 shares during the period. Covestor Ltd boosted its holdings in shares of Stock Yards Bancorp by 138.4% in the 4th quarter. Covestor Ltd now owns 1,168 shares of the bank’s stock valued at $76,000 after buying an additional 678 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Stock Yards Bancorp by 15.0% in the 3rd quarter. Huntington National Bank now owns 1,247 shares of the bank’s stock valued at $87,000 after buying an additional 163 shares during the period. 56.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Stock Yards Bancorp

In other Stock Yards Bancorp news, President Philip Poindexter sold 1,221 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $70.68, for a total transaction of $86,300.28. Following the sale, the president directly owned 53,376 shares in the company, valued at approximately $3,772,615.68. The trade was a 2.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

SYBT has been the subject of several research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $78.00 price target (up from $76.00) on shares of Stock Yards Bancorp in a report on Monday, April 27th. Zacks Research lowered shares of Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Stephens boosted their target price on shares of Stock Yards Bancorp from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Stock Yards Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. 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 for the company in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Stock Yards Bancorp has a consensus rating of “Hold” and an average target price of $76.00.

Get Our Latest Research Report on Stock Yards Bancorp

Stock Yards Bancorp Trading Up 0.1%

Stock Yards Bancorp stock opened at $71.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $70.38 and a two-hundred day moving average price of $68.04. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 14.78 and a beta of 0.69. Stock Yards Bancorp, Inc. has a 52-week low of $61.51 and a 52-week high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBTGet Free Report) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. The firm had revenue of $102.63 million during the quarter, compared to analyst estimates of $108.18 million. Stock Yards Bancorp had a net margin of 25.06% and a return on equity of 13.58%. Sell-side analysts expect that Stock Yards Bancorp, Inc. will post 5.1 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th. Stock Yards Bancorp’s payout ratio is presently 26.34%.

About Stock Yards Bancorp

(Free Report)

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.

See Also

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:SYBTFree Report).

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

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