Today: The Swiss National Bank decides to keep it stake in Stock Yards Bancorp Inc. (SYBT) to the level of $975,000

The Swiss National Bank decides to keep it stake in Stock Yards Bancorp Inc. (SYBT) to the level of $975,000

Swiss National Bank boosted its position in shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) by 53.1% during the second quarter, Holdings Channel reports. The fund owned 34,523 shares of the company’s stock after buying an additional 11,974 shares during the period. Swiss National Bank owned 0.15% of Stock Yards Bancorp worth $975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stock Yards Bank & Trust Co. raised its position in Stock Yards Bancorp by 49.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 753,580 shares of the company’s stock worth $21,273,000 after buying an additional 249,684 shares during the last quarter. Champlain Investment Partners LLC raised its position in Stock Yards Bancorp by 0.5% in the first quarter. Champlain Investment Partners LLC now owns 532,785 shares of the company’s stock worth $20,528,000 after buying an additional 2,860 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Stock Yards Bancorp by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 488,331 shares of the company’s stock worth $18,815,000 after buying an additional 6,538 shares during the last quarter. Fenimore Asset Management Inc. raised its position in Stock Yards Bancorp by 113.8% in the second quarter. Fenimore Asset Management Inc. now owns 184,837 shares of the company’s stock worth $5,218,000 after buying an additional 98,387 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Stock Yards Bancorp by 51.8% in the second quarter. Bank of New York Mellon Corp now owns 148,634 shares of the company’s stock worth $4,197,000 after buying an additional 50,735 shares during the last quarter. Institutional investors and hedge funds own 42.46% of the company’s stock.

Stock Yards Bancorp Inc. (NASDAQ:SYBT) traded up 1.60% on Wednesday, reaching $33.71. 21,354 shares of the company were exchanged. The firm has a market capitalization of $758.91 million, a PE ratio of 19.68 and a beta of 0.69. Stock Yards Bancorp Inc. has a 12-month low of $22.67 and a 12-month high of $33.97. The stock has a 50 day moving average of $31.72 and a 200 day moving average of $28.67.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. Stock Yards Bancorp had a net margin of 28.15% and a return on equity of 13.30%. Equities analysts anticipate that Stock Yards Bancorp Inc. will post $1.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Thursday, September 8th. Stock Yards Bancorp’s payout ratio is currently 41.78%.

Separately, Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, June 29th.

In other Stock Yards Bancorp news, insider Kathy C. Thompson sold 3,100 shares of Stock Yards Bancorp stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $29.59, for a total value of $91,729.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nancy B. Davis sold 5,390 shares of Stock Yards Bancorp stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $31.72, for a total transaction of $170,970.80. Following the completion of the transaction, the vice president now directly owns 103,734 shares in the company, valued at approximately $3,290,442.48. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Company operates through two segments: commercial banking, and investment management and trust. Its commercial banking segment provides a range of loan and deposit products to individual consumers and businesses.

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