Curi RMB Capital LLC Has $15.52 Million Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Curi RMB Capital LLC grew its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,369 shares of the bank’s stock after purchasing an additional 9,291 shares during the quarter. Curi RMB Capital LLC owned about 0.85% of Stock Yards Bancorp worth $15,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in shares of Stock Yards Bancorp during the third quarter valued at approximately $30,255,000. Aptus Capital Advisors LLC increased its stake in Stock Yards Bancorp by 22.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 94,956 shares of the bank’s stock valued at $5,886,000 after purchasing an additional 17,469 shares in the last quarter. Bridges Investment Management Inc. acquired a new position in Stock Yards Bancorp during the third quarter worth $238,000. Rosenthal Henry Capital Advisors Inc. lifted its stake in shares of Stock Yards Bancorp by 2.2% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 63,095 shares of the bank’s stock valued at $3,911,000 after buying an additional 1,375 shares in the last quarter. Finally, Sippican Capital Advisors grew its holdings in shares of Stock Yards Bancorp by 21.9% during the third quarter. Sippican Capital Advisors now owns 17,354 shares of the bank’s stock valued at $1,076,000 after buying an additional 3,121 shares during the last quarter. Institutional investors own 56.46% of the company’s stock.

Insider Buying and Selling at Stock Yards Bancorp

In related news, Director David P. Heintzman sold 2,700 shares of Stock Yards Bancorp stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $63.07, for a total value of $170,289.00. Following the completion of the sale, the director now owns 29,786 shares of the company’s stock, valued at approximately $1,878,603.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director David P. Heintzman sold 2,700 shares of Stock Yards Bancorp stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $63.07, for a total value of $170,289.00. Following the completion of the transaction, the director now directly owns 29,786 shares in the company, valued at approximately $1,878,603.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Heintzman sold 2,341 shares of Stock Yards Bancorp stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $66.05, for a total value of $154,623.05. Following the transaction, the director now directly owns 97,070 shares of the company’s stock, valued at $6,411,473.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,700 shares of company stock worth $1,054,023 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

Stock Yards Bancorp Stock Down 0.3 %

SYBT stock opened at $75.21 on Thursday. The stock has a market cap of $2.21 billion, a P/E ratio of 20.66 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $63.89 and its two-hundred day simple moving average is $56.14. Stock Yards Bancorp, Inc. has a 1-year low of $42.35 and a 1-year high of $77.82.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.00%. The company had revenue of $130.52 million during the quarter, compared to analyst estimates of $87.57 million. Analysts expect that Stock Yards Bancorp, Inc. will post 3.76 EPS for the current year.

Stock Yards Bancorp Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on SYBT shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $64.00 price target (up previously from $54.00) on shares of Stock Yards Bancorp in a research report on Thursday, July 25th. Stephens raised their target price on Stock Yards Bancorp from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Piper Sandler lifted their target price on Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Hovde Group lowered 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. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stock Yards Bancorp presently has an average rating of “Hold” and an average price target 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.