Ameriprise Financial Inc. acquired a new stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,295 shares of the bank’s stock, valued at approximately $285,000.
Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in Stock Yards Bancorp by 784.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock valued at $120,000 after acquiring an additional 2,745 shares during the period. US Bancorp DE raised its stake in Stock Yards Bancorp by 1.2% in 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. Victory Capital Management Inc. raised its stake in Stock Yards Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,596 shares of the bank’s stock valued at $179,000 after acquiring an additional 687 shares during the period. UBS Asset Management Americas Inc. bought a new stake in Stock Yards Bancorp in the 1st quarter valued at about $228,000. Finally, Neuberger Berman Group LLC raised its stake in Stock Yards Bancorp by 0.8% in 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. Institutional investors and hedge funds own 47.74% of the company’s stock.
In other Stock Yards Bancorp news, insider Kathy C. Thompson sold 1,466 shares of Stock Yards Bancorp stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $35.08, for a total transaction of $51,427.28. Following the completion of the transaction, the insider now owns 40,161 shares of the company’s stock, valued at approximately $1,408,847.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy C. Thompson sold 2,284 shares of Stock Yards Bancorp stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.62, for a total value of $90,492.08. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 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 insiders.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub cut Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
Shares of Stock Yards Bancorp, Inc. (SYBT) opened at $38.05 on Friday. Stock Yards Bancorp, Inc. has a 52 week low of $31.90 and a 52 week high of $48.05. The stock has a market capitalization of $843.35, a PE ratio of 19.58 and a beta of 0.69. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $37.27 million during the quarter, compared to analyst estimates of $37.81 million. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. During the same quarter in the previous year, the firm earned $0.46 EPS. equities analysts anticipate that Stock Yards Bancorp, Inc. will post 1.91 earnings per share for the current fiscal year.
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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