John W. Rosenthal Capital Management Inc. raised its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,980 shares of the bank’s stock after buying an additional 4,500 shares during the period. Stock Yards Bancorp makes up approximately 5.2% of John W. Rosenthal Capital Management Inc.’s portfolio, making the stock its 4th largest position. John W. Rosenthal Capital Management Inc. owned about 0.72% of Stock Yards Bancorp worth $6,340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Stock Yards Bancorp by 8.5% in the first quarter. FMR LLC now owns 2,008,240 shares of the bank’s stock worth $81,635,000 after buying an additional 157,134 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Stock Yards Bancorp by 154.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 122,929 shares of the bank’s stock worth $4,997,000 after buying an additional 74,689 shares during the period. Vanguard Group Inc. boosted its stake in shares of Stock Yards Bancorp by 7.0% in the first quarter. Vanguard Group Inc. now owns 898,396 shares of the bank’s stock worth $36,520,000 after buying an additional 59,149 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Stock Yards Bancorp by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the bank’s stock worth $32,258,000 after buying an additional 29,760 shares during the period. Finally, Chicago Equity Partners LLC boosted its stake in shares of Stock Yards Bancorp by 122.6% in the first quarter. Chicago Equity Partners LLC now owns 51,710 shares of the bank’s stock worth $2,102,000 after buying an additional 28,480 shares during the period. 48.13% of the stock is owned by institutional investors and hedge funds.

Shares of Stock Yards Bancorp, Inc. (NASDAQ SYBT) traded up 0.072% during mid-day trading on Monday, hitting $34.925. The company had a trading volume of 4,520 shares. The stock’s 50-day moving average is $36.17 and its 200-day moving average is $39.35. The stock has a market cap of $791.37 million, a price-to-earnings ratio of 18.981 and a beta of 0.66. Stock Yards Bancorp, Inc. has a 52-week low of $30.26 and a 52-week high of $48.05.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.11%. The business had revenue of $36.91 million during the quarter, compared to analyst estimates of $37.06 million. Equities analysts forecast that Stock Yards Bancorp, Inc. will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, September 8th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 43.24%.

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A number of brokerages recently issued reports on SYBT. Hilliard Lyons raised Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a research report on Thursday, May 25th. Zacks Investment Research cut Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, BidaskClub cut Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

In related news, CEO David P. Heintzman sold 1,357 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $36.85, for a total value of $50,005.45. Following the completion of the transaction, the chief executive officer now owns 169,309 shares of the company’s stock, valued at $6,239,036.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip Poindexter sold 850 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $35.26, for a total transaction of $29,971.00. Following the completion of the transaction, the insider now directly owns 23,132 shares of the company’s stock, valued at approximately $815,634.32. The disclosure for this sale can be found here. In the last three months, insiders purchased 295 shares of company stock valued at $10,697 and sold 9,378 shares valued at $352,461. Corporate insiders own 6.20% of the company’s stock.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.

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

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