Stock Yards Bancorp, Inc. $SYBT Stake Lowered by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. lowered its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 23.9% during the third quarter, HoldingsChannel.com reports. The firm owned 44,923 shares of the bank’s stock after selling 14,088 shares during the quarter. Stock Yards Bancorp makes up approximately 3.0% of Rosenthal Henry Capital Advisors Inc.’s holdings, making the stock its 8th largest holding. Rosenthal Henry Capital Advisors Inc.’s holdings in Stock Yards Bancorp were worth $3,144,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SYBT. Curi Capital LLC increased its holdings in Stock Yards Bancorp by 2.4% in the second quarter. Curi Capital LLC now owns 262,990 shares of the bank’s stock worth $20,823,000 after buying an additional 6,275 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in shares of Stock Yards Bancorp by 0.3% in the 2nd quarter. Meridian Wealth Management LLC now owns 144,554 shares of the bank’s stock valued at $11,417,000 after purchasing an additional 500 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Stock Yards Bancorp by 7.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 138,300 shares of the bank’s stock worth $10,923,000 after purchasing an additional 10,000 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Stock Yards Bancorp by 1,496.7% during the second quarter. Envestnet Asset Management Inc. now owns 116,690 shares of the bank’s stock worth $9,216,000 after buying an additional 109,382 shares during the last quarter. Finally, Glenview Trust co raised its holdings in Stock Yards Bancorp by 6.7% during the second quarter. Glenview Trust co now owns 59,736 shares of the bank’s stock valued at $4,718,000 after buying an additional 3,750 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Stock Yards Bancorp

In other news, Director David L. Hardy acquired 2,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $66.53 per share, for a total transaction of $133,060.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $133,060. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Stock Yards Bancorp in a research note on Monday, December 29th. Wall Street Zen upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.67.

Stock Yards Bancorp Stock Performance

SYBT opened at $66.39 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $66.74 and its two-hundred day moving average price is $71.93. The firm has a market capitalization of $1.96 billion, a P/E ratio of 14.50 and a beta of 0.69. Stock Yards Bancorp, Inc. has a 12-month low of $60.75 and a 12-month high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.08. The company had revenue of $101.60 million during the quarter, compared to analysts’ expectations of $100.00 million. Stock Yards Bancorp had a return on equity of 13.65% and a net margin of 24.50%. On average, equities analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.28 annualized dividend and a yield of 1.9%. Stock Yards Bancorp’s dividend payout ratio is 27.95%.

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.