Mutual of America Capital Management LLC Lowers Stock Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Mutual of America Capital Management LLC trimmed its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,724 shares of the bank’s stock after selling 33,516 shares during the period. Mutual of America Capital Management LLC owned 0.79% of Stock Yards Bancorp worth $12,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swiss National Bank increased its position in Stock Yards Bancorp by 12.8% during the second quarter. Swiss National Bank now owns 55,523 shares of the bank’s stock worth $2,826,000 after purchasing an additional 6,300 shares during the last quarter. Hamilton Point Investment Advisors LLC increased its holdings in shares of Stock Yards Bancorp by 1.9% in the 3rd quarter. Hamilton Point Investment Advisors LLC now owns 33,715 shares of the bank’s stock valued at $1,987,000 after acquiring an additional 635 shares during the period. Tudor Investment Corp Et Al acquired a new position in shares of Stock Yards Bancorp in the 2nd quarter valued at $467,000. UBS Asset Management Americas Inc. increased its holdings in shares of Stock Yards Bancorp by 4.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,420 shares of the bank’s stock valued at $937,000 after acquiring an additional 845 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Stock Yards Bancorp by 4.9% in the 2nd quarter. Invesco Ltd. now owns 27,040 shares of the bank’s stock valued at $1,376,000 after acquiring an additional 1,259 shares during the period. 50.29% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $59.00 to $67.00 in a research note on Thursday, October 28th. Zacks Investment Research raised shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Friday, January 7th.

Shares of SYBT opened at $64.95 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $1.73 billion, a P/E ratio of 23.20 and a beta of 0.70. The company’s fifty day moving average is $63.56 and its two-hundred day moving average is $56.92. Stock Yards Bancorp, Inc. has a 1 year low of $40.76 and a 1 year high of $67.40.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Tuesday, October 26th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. The company had revenue of $63.10 million for the quarter, compared to analysts’ expectations of $62.60 million. Stock Yards Bancorp had a net margin of 29.62% and a return on equity of 16.07%. Sell-side analysts predict that Stock Yards Bancorp, Inc. will post 3.56 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Monday, December 20th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 17th. This represents a $1.12 annualized dividend and a dividend yield of 1.72%. Stock Yards Bancorp’s payout ratio is currently 40.00%.

In other news, EVP Kathy C. Thompson sold 1,599 shares of the company’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $65.36, for a total transaction of $104,510.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David P. Heintzman sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $66.06, for a total value of $330,300.00. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

Stock Yards Bancorp Profile

Stock Yards Bancorp, Inc is a holding company, which engages in the provision of commercial and personal banking services. It operates through the Commercial Banking; and Wealth Management and Trust segments. The Commercial Banking segment include mortgage banking and investment products sales activity.

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

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