Victory Capital Management Inc. Has $81.77 Million Holdings in Stock Yards Bancorp, Inc. $SYBT

Victory Capital Management Inc. trimmed its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,168,267 shares of the bank’s stock after selling 170,263 shares during the period. Victory Capital Management Inc. owned 3.96% of Stock Yards Bancorp worth $81,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYBT. Huntington National Bank grew its position 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 acquiring an additional 163 shares during the period. Guidance Capital Inc. increased its position in Stock Yards Bancorp by 1.9% during the third quarter. Guidance Capital Inc. now owns 9,982 shares of the bank’s stock worth $678,000 after buying an additional 186 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in Stock Yards Bancorp by 6.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,869 shares of the bank’s stock valued at $464,000 after buying an additional 373 shares during the period. California State Teachers Retirement System lifted its position in shares of Stock Yards Bancorp by 1.5% in the second quarter. California State Teachers Retirement System now owns 25,710 shares of the bank’s stock valued at $2,031,000 after buying an additional 383 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its position in shares of Stock Yards Bancorp by 0.3% in the second quarter. Meridian Wealth Management LLC now owns 144,554 shares of the bank’s stock valued at $11,417,000 after buying an additional 500 shares during the last quarter. 56.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research raised Stock Yards Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Hovde Group lifted their target price on shares of Stock Yards Bancorp from $73.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Stock Yards Bancorp in a research report on Monday, December 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a research report on Friday, January 30th. Finally, Wall Street Zen raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Stock Yards Bancorp has an average rating of “Hold” and a consensus price target of $79.00.

Stock Yards Bancorp Stock Down 2.6%

Shares of NASDAQ SYBT opened at $64.50 on Friday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 13.58 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99. Stock Yards Bancorp, Inc. has a 52 week low of $60.75 and a 52 week high of $83.83. The stock’s fifty day moving average is $67.61 and its 200 day moving average is $69.52.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $104.47 million during the quarter, compared to the consensus estimate of $102.42 million. Stock Yards Bancorp had a net margin of 24.83% and a return on equity of 13.68%. Sell-side analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a $0.32 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 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.