Y Intercept Hong Kong Ltd Acquires Shares of 10,713 Stock Yards Bancorp, Inc. $SYBT

Y Intercept Hong Kong Ltd bought a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,713 shares of the bank’s stock, valued at approximately $710,000.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Stock Yards Bancorp by 47.4% during the first quarter. AQR Capital Management LLC now owns 7,143 shares of the bank’s stock valued at $493,000 after purchasing an additional 2,297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Stock Yards Bancorp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,225 shares of the bank’s stock worth $1,051,000 after purchasing an additional 658 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Stock Yards Bancorp by 28.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,643 shares of the bank’s stock worth $3,636,000 after purchasing an additional 11,758 shares in the last quarter. Jane Street Group LLC bought a new position in Stock Yards Bancorp in the first quarter worth $3,400,000. Finally, Cetera Investment Advisers purchased a new position in Stock Yards Bancorp during the second quarter valued at $365,000. Institutional investors own 56.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Zacks Research cut shares of Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Keefe, Bruyette & Woods increased their price target on shares of 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 reissued a “neutral” rating and set a $81.00 price target (up from $78.00) on shares of Stock Yards Bancorp in a research report on Friday, June 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stock Yards Bancorp in a research note on Friday. Finally, Wall Street Zen downgraded shares of Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stock Yards Bancorp currently has a consensus rating of “Hold” and an average target price of $76.75.

Insider Buying and Selling at Stock Yards Bancorp

In related news, President Philip Poindexter sold 1,221 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $70.68, for a total value of $86,300.28. Following the completion of the transaction, the president directly owned 53,376 shares in the company, valued at $3,772,615.68. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

Stock Yards Bancorp Price Performance

SYBT opened at $76.55 on Tuesday. Stock Yards Bancorp, Inc. has a 1 year low of $61.51 and a 1 year high of $83.83. The stock has a 50-day moving average price of $73.28 and a 200-day moving average price of $69.58. The firm has a market cap of $2.26 billion, a PE ratio of 15.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. The business had revenue of $102.63 million during the quarter, compared to analyst estimates of $108.18 million. Stock Yards Bancorp had a net margin of 25.06% and a return on equity of 13.58%. Sell-side analysts predict that Stock Yards Bancorp, Inc. will post 4.96 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 26.34%.

Stock Yards Bancorp 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.