SeaCrest Wealth Management LLC Acquires Shares of 5,464 Stock Yards Bancorp Inc (SYBT)
SeaCrest Wealth Management LLC acquired a new stake in Stock Yards Bancorp Inc (NASDAQ:SYBT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,464 shares of the bank’s stock, valued at approximately $206,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of SYBT. Schwab Charles Investment Management Inc. boosted its holdings in Stock Yards Bancorp by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,888 shares of the bank’s stock valued at $3,575,000 after purchasing an additional 788 shares during the period. Wells Fargo & Company MN lifted its holdings in Stock Yards Bancorp by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 25,050 shares of the bank’s stock worth $975,000 after buying an additional 416 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Stock Yards Bancorp by 2.0% during the 2nd quarter. Teachers Advisors LLC now owns 52,722 shares of the bank’s stock worth $2,051,000 after buying an additional 1,055 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Stock Yards Bancorp by 2.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 67,964 shares of the bank’s stock worth $2,644,000 after buying an additional 1,660 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Stock Yards Bancorp during the 2nd quarter worth about $285,000. 47.87% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. Zacks Investment Research raised Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday, December 6th. BidaskClub downgraded Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price target on shares of Stock Yards Bancorp in a report on Friday, January 26th.
Shares of Stock Yards Bancorp Inc (NASDAQ SYBT) opened at $35.70 on Tuesday. Stock Yards Bancorp Inc has a fifty-two week low of $31.90 and a fifty-two week high of $46.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $816.44, a PE ratio of 21.51 and a beta of 0.62.
Stock Yards Bancorp 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.
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