American Research & Management Co. raised its position in Stock Yards Bancorp Inc (NASDAQ:SYBT) by 65.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,850 shares of the bank’s stock after purchasing an additional 3,100 shares during the period. American Research & Management Co.’s holdings in Stock Yards Bancorp were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. California Public Employees Retirement System purchased a new position in Stock Yards Bancorp in the fourth quarter valued at $350,000. Teacher Retirement System of Texas purchased a new position in Stock Yards Bancorp in the fourth quarter valued at $281,000. SeaCrest Wealth Management LLC purchased a new position in Stock Yards Bancorp in the fourth quarter valued at $206,000. Comerica Bank increased its holdings in Stock Yards Bancorp by 55.2% in the fourth quarter. Comerica Bank now owns 24,686 shares of the bank’s stock valued at $915,000 after buying an additional 8,783 shares in the last quarter. Finally, HL Financial Services LLC increased its holdings in Stock Yards Bancorp by 6.4% in the fourth quarter. HL Financial Services LLC now owns 49,864 shares of the bank’s stock valued at $1,880,000 after buying an additional 2,978 shares in the last quarter. 47.87% of the stock is owned by institutional investors.

A number of research firms have weighed in on SYBT. BidaskClub raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Stock Yards Bancorp in a report on Friday, January 26th. Finally, Zacks Investment Research cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a report on Friday, January 5th.

Shares of Stock Yards Bancorp Inc (NASDAQ:SYBT) opened at $35.70 on Tuesday. The company has a market cap of $816.44, a PE ratio of 21.51 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Stock Yards Bancorp Inc has a one year low of $31.90 and a one year high of $46.35.

In related news, Director Paul J. Bickel III bought 2,510 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was acquired at an average price of $38.15 per share, with a total value of $95,756.50. Following the completion of the purchase, the director now directly owns 4,250 shares of the company’s stock, valued at $162,137.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kathy C. Thompson sold 2,500 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.33, for a total transaction of $98,325.00. Following the sale, the insider now directly owns 39,940 shares of the company’s stock, valued at approximately $1,570,840.20. The disclosure for this sale can be found here. Insiders have bought 2,671 shares of company stock valued at $102,008 in the last three months. Corporate insiders own 6.20% of the company’s stock.

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About Stock Yards Bancorp

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

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