Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBTGet Rating) by 22.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,722 shares of the bank’s stock after selling 2,560 shares during the period. Victory Capital Management Inc.’s holdings in Stock Yards Bancorp were worth $522,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of Stock Yards Bancorp in the 2nd quarter worth $33,000. MCF Advisors LLC bought a new stake in shares of Stock Yards Bancorp in the 1st quarter worth $45,000. FinTrust Capital Advisors LLC bought a new stake in shares of Stock Yards Bancorp in the 1st quarter worth $72,000. SG Americas Securities LLC raised its stake in shares of Stock Yards Bancorp by 19.1% in the 2nd quarter. SG Americas Securities LLC now owns 3,066 shares of the bank’s stock worth $183,000 after buying an additional 492 shares in the last quarter. Finally, Todd Asset Management LLC bought a new stake in shares of Stock Yards Bancorp in the 2nd quarter worth $210,000. Institutional investors own 49.98% of the company’s stock.

Insider Activity

In other news, Director Carl G. Herde sold 3,000 shares of Stock Yards Bancorp stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $72.33, for a total transaction of $216,990.00. Following the transaction, the director now owns 25,730 shares in the company, valued at $1,861,050.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carl G. Herde sold 3,000 shares of Stock Yards Bancorp stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $72.33, for a total transaction of $216,990.00. Following the transaction, the director now owns 25,730 shares in the company, valued at $1,861,050.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathy C. Thompson sold 4,454 shares of Stock Yards Bancorp stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $75.92, for a total value of $338,147.68. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at approximately $1,775,389.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,454 shares of company stock worth $633,048. 4.20% of the stock is owned by corporate insiders.

Stock Yards Bancorp Stock Down 0.3 %

Shares of Stock Yards Bancorp stock opened at $74.67 on Tuesday. The stock’s fifty day moving average is $70.31 and its 200-day moving average is $64.25. The firm has a market capitalization of $2.18 billion, a PE ratio of 24.17 and a beta of 0.69. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.03. Stock Yards Bancorp, Inc. has a 12-month low of $50.83 and a 12-month high of $78.71.

Stock Yards Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were given a dividend of $0.29 per share. The ex-dividend date was Friday, September 16th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.55%. Stock Yards Bancorp’s payout ratio is 37.54%.

Analyst Ratings Changes

A number of analysts have recently commented on SYBT shares. Piper Sandler started coverage on Stock Yards Bancorp in a research note on Wednesday, July 13th. They issued a “neutral” rating and a $65.00 price objective on the stock. StockNews.com raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stephens boosted their target price on Stock Yards Bancorp from $74.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 27th.

About Stock Yards Bancorp

(Get Rating)

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services.

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Institutional Ownership by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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