Healthcare of Ontario Pension Plan Trust Fund Has $2.58 Million Stock Holdings in Stock Yards Bancorp, Inc. $SYBT

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 30.9% during the 1st quarter, Holdings Channel reports. The fund owned 38,880 shares of the bank’s stock after selling 17,417 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Stock Yards Bancorp were worth $2,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SYBT. Stock Yards Bank & Trust Co. increased its stake in Stock Yards Bancorp by 37.7% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 1,338,377 shares of the bank’s stock valued at $86,928,000 after purchasing an additional 366,475 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Stock Yards Bancorp by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 187,691 shares of the bank’s stock worth $12,191,000 after purchasing an additional 816 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Stock Yards Bancorp by 47.2% during the third quarter. Bank of America Corp DE now owns 183,724 shares of the bank’s stock worth $12,859,000 after purchasing an additional 58,942 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Stock Yards Bancorp by 691.5% in the 4th quarter. Marshall Wace LLP now owns 178,002 shares of the bank’s stock valued at $11,561,000 after buying an additional 155,512 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Stock Yards Bancorp by 8.9% in the 4th quarter. Natixis Advisors LLC now owns 158,189 shares of the bank’s stock valued at $10,274,000 after buying an additional 12,976 shares during the period. Institutional investors and hedge funds own 56.46% of the company’s stock.

Insider Activity at Stock Yards Bancorp

In other news, President Philip Poindexter sold 1,221 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $70.68, for a total value of $86,300.28. Following the sale, the president directly owned 53,376 shares in the company, valued at $3,772,615.68. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SYBT. Stephens set a $87.00 price objective on shares of Stock Yards Bancorp and gave the company an “equal weight” rating in a research report on Thursday. Wall Street Zen upgraded Stock Yards Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods boosted their target price on Stock Yards Bancorp from $82.00 to $94.00 and gave the company a “market perform” rating in a research note on Friday. Raymond James Financial assumed coverage on Stock Yards Bancorp in a report on Wednesday, July 8th. They issued a “hold” rating for the company. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $81.00 price target (up from $78.00) on shares of Stock Yards Bancorp in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Stock Yards Bancorp presently has a consensus rating of “Hold” and an average price target of $88.00.

Stock Yards Bancorp Stock Down 1.3%

Stock Yards Bancorp stock opened at $85.10 on Friday. The company has a 50 day moving average of $76.44 and a 200-day moving average of $71.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. Stock Yards Bancorp, Inc. has a twelve month low of $61.51 and a twelve month high of $89.21. The stock has a market capitalization of $2.51 billion, a PE ratio of 16.95 and a beta of 0.68.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.23. The business had revenue of $114.67 million for the quarter, compared to analyst estimates of $111.66 million. Stock Yards Bancorp had a net margin of 25.41% and a return on equity of 13.93%. On average, equities research analysts anticipate that Stock Yards Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 25.50%.

About Stock Yards Bancorp

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.