Stock Yards Bancorp, Inc. $SYBT Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 144.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,077 shares of the bank’s stock after buying an additional 8,321 shares during the quarter. SG Americas Securities LLC’s holdings in Stock Yards Bancorp were worth $985,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Stock Yards Bancorp by 47.4% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Stock Yards Bancorp by 4.5% during the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Stock Yards Bancorp by 28.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,643 shares of the bank’s stock valued at $3,636,000 after buying an additional 11,758 shares during the period. Jane Street Group LLC acquired a new position in Stock Yards Bancorp in the first quarter valued at about $3,400,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Stock Yards Bancorp by 3.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,915 shares of the bank’s stock worth $657,000 after buying an additional 275 shares during the period. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stock Yards Bancorp

In related news, Director David L. Hardy bought 2,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $66.53 per share, with a total value of $133,060.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at $133,060. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYBT. Wall Street Zen raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stock Yards Bancorp in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.67.

Stock Yards Bancorp Stock Down 0.4%

Shares of SYBT opened at $68.53 on Monday. The company’s 50-day simple moving average is $66.84 and its 200-day simple moving average is $71.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 0.99. Stock Yards Bancorp, Inc. has a 1 year low of $60.75 and a 1 year high of $83.83. The stock has a market capitalization of $2.02 billion, a PE ratio of 14.96 and a beta of 0.69.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, October 29th. The bank reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $101.60 million for the quarter, compared to the consensus estimate of $100.00 million. Stock Yards Bancorp had a net margin of 24.50% and a return on equity of 13.65%. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, December 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 27.95%.

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.