Stock Yards Bancorp, Inc. $SYBT Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 352.5% in the third quarter, Holdings Channel reports. The firm owned 76,268 shares of the bank’s stock after buying an additional 59,413 shares during the period. Tudor Investment Corp ET AL’s holdings in Stock Yards Bancorp were worth $5,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in Stock Yards Bancorp by 60.7% during the 3rd quarter. Citigroup Inc. now owns 61,128 shares of the bank’s stock valued at $4,278,000 after acquiring an additional 23,093 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Stock Yards Bancorp during the 3rd quarter valued at about $1,638,000. Aptus Capital Advisors LLC boosted its holdings in Stock Yards Bancorp by 15.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 186,875 shares of the bank’s stock valued at $13,079,000 after acquiring an additional 24,686 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in Stock Yards Bancorp during the 3rd quarter valued at about $1,932,000. Finally, Squarepoint Ops LLC boosted its holdings in Stock Yards Bancorp by 412.3% during the 2nd quarter. Squarepoint Ops LLC now owns 32,114 shares of the bank’s stock valued at $2,536,000 after acquiring an additional 25,845 shares during the period. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SYBT shares. Weiss Ratings restated a “hold (c)” rating on shares of Stock Yards Bancorp in a report on Monday, December 29th. Wall Street Zen upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Hovde Group upgraded Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, March 6th. Zacks Research cut Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Piper Sandler restated a “neutral” rating and set a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stock Yards Bancorp currently has an average rating of “Hold” and an average price target of $79.00.

Stock Yards Bancorp Stock Performance

Shares of Stock Yards Bancorp stock opened at $69.97 on Thursday. Stock Yards Bancorp, Inc. has a one year low of $61.51 and a one year high of $83.83. The company has a market cap of $2.06 billion, a PE ratio of 14.73 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day simple moving average of $66.44 and a 200-day simple moving average of $67.19.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Stock Yards Bancorp had a return on equity of 13.68% and a net margin of 24.83%.The business had revenue of $104.47 million during the quarter, compared to the consensus estimate of $102.42 million. On average, equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Stock Yards Bancorp’s payout ratio is currently 26.95%.

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.