California Public Employees Retirement System grew its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 6.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 18,850 shares of the bank’s stock after acquiring an additional 1,200 shares during the quarter. California Public Employees Retirement System owned about 0.08% of Stock Yards Bancorp worth $733,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in shares of Stock Yards Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 11,214 shares of the bank’s stock valued at $436,000 after acquiring an additional 29 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Stock Yards Bancorp by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,741 shares of the bank’s stock valued at $223,000 after acquiring an additional 46 shares during the period. US Bancorp DE lifted its position in shares of Stock Yards Bancorp by 1.2% during the 2nd quarter. US Bancorp DE now owns 3,973 shares of the bank’s stock valued at $155,000 after acquiring an additional 47 shares during the period. Wells Fargo & Company MN lifted its position in shares of Stock Yards Bancorp by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 25,050 shares of the bank’s stock valued at $975,000 after acquiring an additional 416 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Stock Yards Bancorp by 5.9% during the 1st quarter. Bank of America Corp DE now owns 7,490 shares of the bank’s stock valued at $304,000 after acquiring an additional 420 shares during the period. Hedge funds and other institutional investors own 47.74% of the company’s stock.

A number of research firms have recently weighed in on SYBT. BidaskClub downgraded Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 29th.

Shares of Stock Yards Bancorp, Inc. (NASDAQ SYBT) opened at $38.05 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Stock Yards Bancorp, Inc. has a 1 year low of $31.90 and a 1 year high of $48.05. The firm has a market capitalization of $843.35, a price-to-earnings ratio of 19.58 and a beta of 0.69.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. The business had revenue of $37.27 million during the quarter, compared to the consensus estimate of $37.81 million. During the same period in the prior year, the company earned $0.46 EPS. analysts predict that Stock Yards Bancorp, Inc. will post 1.91 earnings per share for the current year.

In other Stock Yards Bancorp news, CEO David P. Heintzman sold 1,264 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.55, for a total value of $49,991.20. Following the completion of the transaction, the chief executive officer now owns 165,809 shares of the company’s stock, valued at approximately $6,557,745.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kathy C. Thompson sold 1,466 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $35.08, for a total value of $51,427.28. Following the completion of the transaction, the insider now directly owns 40,161 shares of the company’s stock, valued at approximately $1,408,847.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 257 shares of company stock valued at $9,329 and have sold 7,014 shares valued at $264,511. 6.20% of the stock is owned by corporate insiders.

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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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