Curi RMB Capital LLC Buys 9,291 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Curi RMB Capital LLC boosted its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,369 shares of the bank’s stock after acquiring an additional 9,291 shares during the quarter. Curi RMB Capital LLC’s holdings in Stock Yards Bancorp were worth $15,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SYBT. Independence Bank of Kentucky lifted its holdings in shares of Stock Yards Bancorp by 1.4% in the 2nd quarter. Independence Bank of Kentucky now owns 14,374 shares of the bank’s stock worth $714,000 after acquiring an additional 202 shares during the last quarter. Diversified Trust Co boosted its position in Stock Yards Bancorp by 2.3% during the second quarter. Diversified Trust Co now owns 10,141 shares of the bank’s stock valued at $504,000 after buying an additional 231 shares during the period. ProShare Advisors LLC boosted its position in Stock Yards Bancorp by 8.5% during the first quarter. ProShare Advisors LLC now owns 4,879 shares of the bank’s stock valued at $239,000 after buying an additional 384 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Stock Yards Bancorp by 10.3% during the second quarter. Point72 Asset Management L.P. now owns 5,294 shares of the bank’s stock valued at $263,000 after buying an additional 494 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Stock Yards Bancorp in the second quarter worth about $45,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Insider Activity at Stock Yards Bancorp

In other news, Director David P. Heintzman sold 7,659 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $65.98, for a total transaction of $505,340.82. Following the transaction, the director now directly owns 99,411 shares of the company’s stock, valued at $6,559,137.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Stock Yards Bancorp news, Director David P. Heintzman sold 2,341 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $66.05, for a total transaction of $154,623.05. Following the completion of the sale, the director now directly owns 97,070 shares in the company, valued at $6,411,473.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Heintzman sold 7,659 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $65.98, for a total transaction of $505,340.82. Following the sale, the director now directly owns 99,411 shares of the company’s stock, valued at $6,559,137.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,700 shares of company stock valued at $1,054,023 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Stock Yards Bancorp Price Performance

Shares of SYBT stock opened at $75.21 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 20.66 and a beta of 0.81. The business’s fifty day moving average is $63.89 and its 200 day moving average is $56.14. Stock Yards Bancorp, Inc. has a twelve month low of $42.35 and a twelve month high of $77.82.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. The firm had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $87.57 million. Stock Yards Bancorp had a return on equity of 12.00% and a net margin of 21.62%. Research analysts expect that Stock Yards Bancorp, Inc. will post 3.76 EPS for the current fiscal year.

Stock Yards Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, September 16th. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.30. Stock Yards Bancorp’s dividend payout ratio is currently 34.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens raised their price target on Stock Yards Bancorp from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $64.00 target price (up from $54.00) on shares of Stock Yards Bancorp in a research note on Thursday, July 25th. Hovde Group cut shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $67.00 to $68.00 in a research report on Thursday, October 24th. Finally, Piper Sandler boosted their price objective on shares of Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Stock Yards Bancorp presently has a consensus rating of “Hold” and a consensus target price of $67.75.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.