Dynamic Technology Lab Private Ltd Takes $956,000 Position in Stock Yards Bancorp, Inc. $SYBT

Dynamic Technology Lab Private Ltd bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,660 shares of the bank’s stock, valued at approximately $956,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Huntington National Bank grew its position in 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 acquiring an additional 163 shares during the period. Guidance Capital Inc. raised its stake 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 acquiring an additional 186 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Stock Yards Bancorp by 6.8% during 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 acquiring an additional 373 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Stock Yards Bancorp by 1.5% during the second quarter. California State Teachers Retirement System now owns 25,710 shares of the bank’s stock valued at $2,031,000 after acquiring an additional 383 shares during the period. Finally, Meridian Wealth Management LLC boosted its stake in shares of Stock Yards Bancorp by 0.3% in the 2nd quarter. Meridian Wealth Management LLC now owns 144,554 shares of the bank’s stock valued at $11,417,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

Shares of NASDAQ:SYBT opened at $64.63 on Monday. The business has a fifty day moving average of $67.57 and a 200-day moving average of $69.35. 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 twelve month low of $60.75 and a twelve month high of $83.83. The firm has a market cap of $1.91 billion, a PE ratio of 13.61 and a beta of 0.72.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $104.47 million for the quarter, compared to the consensus estimate of $102.42 million. On average, equities research analysts predict that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Stock Yards Bancorp’s payout ratio is currently 26.95%.

Wall Street Analyst Weigh In

SYBT has been the topic of several analyst reports. Zacks Research raised shares of Stock Yards Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Stock Yards Bancorp in a report on Monday, December 29th. Hovde Group upgraded shares of 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. Wall Street Zen lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Sunday. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.00.

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.