Vanguard Group Inc. Trims Stock Holdings in Stock Yards Bancorp, Inc. $SYBT

Vanguard Group Inc. lowered its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,925,102 shares of the bank’s stock after selling 20,715 shares during the quarter. Vanguard Group Inc. owned approximately 6.53% of Stock Yards Bancorp worth $125,035,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Huntington National Bank boosted its stake in Stock Yards Bancorp by 15.0% during the third 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 last quarter. Guidance Capital Inc. lifted its stake in shares of Stock Yards Bancorp by 1.9% in the 3rd quarter. Guidance Capital Inc. now owns 9,982 shares of the bank’s stock valued at $678,000 after purchasing an additional 186 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Stock Yards Bancorp by 1.3% in the 3rd quarter. Raymond James Financial Inc. now owns 18,664 shares of the bank’s stock valued at $1,306,000 after purchasing an additional 237 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Stock Yards Bancorp by 1.5% in the 2nd quarter. California State Teachers Retirement System now owns 25,710 shares of the bank’s stock valued at $2,031,000 after purchasing an additional 383 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 purchasing an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stephens raised their price objective on 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. Zacks Research lowered Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods increased their target price on Stock Yards Bancorp from $80.00 to $81.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. Piper Sandler reiterated a “neutral” rating and issued a $78.00 target price (up from $76.00) on shares of Stock Yards Bancorp in a research note on Monday, April 27th. Finally, Hovde Group upgraded 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 note on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Stock Yards Bancorp currently has an average rating of “Hold” and a consensus price target of $76.00.

Stock Yards Bancorp Trading Down 0.4%

SYBT opened at $70.47 on Wednesday. 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 stock’s fifty day moving average is $67.84 and its two-hundred day moving average is $67.50. The company has a market capitalization of $2.08 billion, a P/E ratio of 14.50 and a beta of 0.70. Stock Yards Bancorp, Inc. has a 52 week low of $61.51 and a 52 week high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.07. The company had revenue of $102.63 million for the quarter, compared to analyst estimates of $108.18 million. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%. Analysts forecast 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 was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, March 16th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 26.34%.

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.