Stock Yards Bancorp, Inc. $SYBT Shares Acquired by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 13.3% in the 3rd quarter, Holdings Channel reports. The firm owned 104,448 shares of the bank’s stock after purchasing an additional 12,251 shares during the period. Clark Capital Management Group Inc.’s holdings in Stock Yards Bancorp were worth $7,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new position in Stock Yards Bancorp during the 3rd quarter worth $45,000. Huntington National Bank raised its holdings in shares of Stock Yards Bancorp by 15.0% in 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. State of Alaska Department of Revenue purchased a new stake in shares of Stock Yards Bancorp in the third quarter valued at about $92,000. Archer Investment Corp acquired a new stake in shares of Stock Yards Bancorp during the second quarter worth about $105,000. Finally, Sei Investments Co. acquired a new stake in shares of Stock Yards Bancorp during the second quarter worth about $207,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Trading Up 1.0%

NASDAQ:SYBT opened at $63.07 on Monday. Stock Yards Bancorp, Inc. has a 52-week low of $60.75 and a 52-week high of $83.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $67.38 and a 200-day simple moving average of $68.74. The company has a market capitalization of $1.86 billion, a PE ratio of 13.28 and a beta of 0.71.

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

Stock Yards Bancorp Dividend Announcement

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 given 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 is currently 26.95%.

Analysts Set New Price Targets

SYBT has been the topic of a number of research reports. Hovde Group upgraded Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Friday, March 6th. Zacks Research raised Stock Yards Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Piper Sandler reiterated a “neutral” rating and issued a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a research note on Friday, January 30th. Wall Street Zen lowered Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, March 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stock Yards Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

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.