Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Given Consensus Recommendation of “Hold” by Brokerages

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) has earned an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $81.50.

SYBT has been the subject of a number of analyst reports. Wall Street Zen raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Hovde Group raised their price target on shares of Stock Yards Bancorp from $73.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stock Yards Bancorp in a research report on Monday, December 29th.

Stock Yards Bancorp Stock Performance

SYBT opened at $67.65 on Thursday. The stock has a market cap of $1.99 billion, a PE ratio of 14.77 and a beta of 0.69. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. Stock Yards Bancorp has a 1 year low of $60.75 and a 1 year high of $83.83. The stock’s 50 day simple moving average is $67.26 and its 200-day simple moving average is $71.04.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Tuesday, January 27th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $104.47 million during the quarter, compared to analysts’ expectations of $102.42 million. Stock Yards Bancorp had a return on equity of 13.91% and a net margin of 24.83%. Sell-side analysts forecast that Stock Yards Bancorp will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.32 per share. The ex-dividend date was Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 27.95%.

Insiders Place Their Bets

In related news, Director David L. Hardy purchased 2,000 shares of Stock Yards Bancorp stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $66.53 per share, for a total transaction of $133,060.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at approximately $133,060. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Stock Yards Bancorp

A number of large investors have recently modified their holdings of SYBT. Quarry LP acquired a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at $28,000. Brown Brothers Harriman & Co. bought a new stake in Stock Yards Bancorp in the third quarter valued at about $45,000. GAMMA Investing LLC lifted its stake in Stock Yards Bancorp by 92.1% in the fourth quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock valued at $54,000 after buying an additional 396 shares during the period. Huntington National Bank boosted its holdings in Stock Yards Bancorp by 1,405.6% during the second quarter. Huntington National Bank now owns 1,084 shares of the bank’s stock worth $86,000 after buying an additional 1,012 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Stock Yards Bancorp during the third quarter worth about $92,000. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.