Susquehanna Fundamental Investments LLC Grows Stock Position in Stock Yards Bancorp, Inc. $SYBT

Susquehanna Fundamental Investments LLC increased its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 61.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,741 shares of the bank’s stock after acquiring an additional 10,226 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.09% of Stock Yards Bancorp worth $2,045,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Stock Yards Bancorp in the 2nd quarter worth approximately $165,219,000. Field & Main Bank bought a new stake in Stock Yards Bancorp in the second quarter valued at approximately $82,676,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Stock Yards Bancorp during the second quarter valued at approximately $15,848,000. Aptus Capital Advisors LLC boosted its stake in shares of Stock Yards Bancorp by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 187,691 shares of the bank’s stock valued at $12,191,000 after purchasing an additional 816 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Stock Yards Bancorp by 47.2% in the third quarter. Bank of America Corp DE now owns 183,724 shares of the bank’s stock worth $12,859,000 after purchasing an additional 58,942 shares during the last quarter. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Laura L. Wells sold 6,823 shares of the firm’s stock in a transaction dated 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 directly owned 9,580 shares of the company’s stock, valued at approximately $826,658.20. This trade represents a 41.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SYBT shares. Weiss Ratings raised shares of Stock Yards Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Hovde Group cut shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $82.00 to $90.00 in a research report on Thursday, July 30th. Piper Sandler reissued a “neutral” rating and issued a $81.00 price target (up from $78.00) on shares of Stock Yards Bancorp in a report on Friday, June 26th. Stephens set a $87.00 price objective on shares of Stock Yards Bancorp and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Raymond James Financial began coverage on shares of Stock Yards Bancorp in a research note on Wednesday, July 8th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.00.

Stock Yards Bancorp Price Performance

SYBT opened at $78.37 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.01 and a current ratio of 1.01. Stock Yards Bancorp, Inc. has a 52-week low of $61.51 and a 52-week high of $89.21. The stock has a market capitalization of $2.43 billion, a PE ratio of 15.61 and a beta of 0.66. The stock’s 50 day moving average price is $80.80 and its 200-day moving average price is $73.29.

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

Stock Yards Bancorp Increases Dividend

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

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.