Qube Research & Technologies Ltd holds $662,000 worth of stock in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)


Qube Research & Technologies Ltd reduced its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ: SYBTGet a rating) by 31.7% during the 1st quarter, according to the company in its most recent Form 13F filed with the Securities & Exchange Commission. The fund held 12,507 shares of the bank after selling 5,806 shares during the period. Qube Research & Technologies Ltd’s holdings in Stock Yards Bancorp were worth $662,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in SYBT. Allspring Global Investments Holdings LLC acquired a new position in Stock Yards Bancorp during the fourth quarter, valued at approximately $148,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Stock Yards Bancorp by 19.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,137 shares of the bank valued at $264,000 after buying 663 additional shares in the last quarter. The New York State Common Retirement Fund increased its holdings in Stock Yards Bancorp by 14.9% during the fourth quarter. The New York State Common Retirement Fund now owns 23,394 shares of the bank valued at $1,494,000 after buying 3,030 additional shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Stock Yards Bancorp by 794.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,279 shares of the bank valued at $82,000 after buying 1,136 additional shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Stock Yards Bancorp during the fourth quarter worth approximately $204,000. Institutional investors and hedge funds hold 51.96% of the company’s shares.

Changes to analyst ratings

Several research companies have recently weighed in on SYBT. Hovde Group began covering Stock Yards Bancorp in a research report on Wednesday May 18. They issued a “market performance” rating for the company. Piper Sandler began covering Stock Yards Bancorp in a research report on Wednesday, July 13. They issued a “neutral” rating and a price target of $65.00 for the company. To finish, StockNews.com upgraded Stock Yards Bancorp from a “hold” to a “sell” rating in a Friday, July 29 research report.

Insider buying and selling

In related news, EVP Kathy C. Thompson sold 2,000 shares of the company in a trade on Wednesday, May 25. The stock was sold at an average price of $57.18, for a total value of $114,360.00. Following the completion of the transaction, the executive vice president now directly owns 26,925 shares of the company, valued at $1,539,571.50. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. In other Stock Yards Bancorp news, Chairman Philippe Poindexter sold 3,219 shares of Stock Yards Bancorp in a trade on Monday, June 27. The stock was sold at an average price of $59.18, for a total transaction of $190,500.42. Following the completion of the transaction, the President now directly owns 41,040 shares of the company, valued at $2,428,747.20. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Executive Vice President Kathy C. Thompson sold 2,000 shares of Stock Yards Bancorp in a trade on Wednesday, May 25. The shares were sold at an average price of $57.18, for a total value of $114,360.00. Following the transaction, the executive vice president now directly owns 26,925 shares of the company, valued at $1,539,571.50. Disclosure of this sale can be found here. Insiders sold a total of 20,071 shares of the company valued at $1,293,326 in the past ninety days. 4.20% of the shares are held by insiders of the company.

Stock Yards Stock Bancorp down 1.2%

SYBT opened at $70.59 on Friday. Stock Yards Bancorp, Inc. has a 1-year low of $49.90 and a 1-year high of $72.77. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt ratio of 0.03. The stock has a market capitalization of $2.06 billion, a price-earnings ratio of 23.69 and a beta of 0.71. The company has a 50-day moving average of $63.82 and a 200-day moving average of $57.90.

Stock Yards Bancorp (NASDAQ: SYBTGet a rating) last reported results on Wednesday, July 27. The bank reported EPS of $0.91 for the quarter, beating the consensus estimate of $0.86 by $0.05. Stock Yards Bancorp had a return on equity of 14.46% and a net margin of 29.35%. As a group, sell-side analysts expect Stock Yards Bancorp, Inc. to post earnings per share of 3.84 for the current year.

Stock Yards Bancorp increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3. Investors of record on Monday, September 19 will receive a dividend of $0.29. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.28. This represents an annualized dividend of $1.16 and a yield of 1.64%. The ex-dividend date is Friday, September 16. Stock Yards Bancorp’s dividend payout ratio (DPR) is 37.58%.

About Stock Yards Bancorp

(Get a rating)

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company which provides various financial services to individuals, businesses and others in the United States. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment offers mortgage and deposit banking services; retail, business and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, cash management, trade, international banking, correspondent banking and other banking services.

See also

Want to see which other hedge funds hold SYBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Stock Yards Bancorp, Inc. (NASDAQ: SYBTGet a rating).

Institutional ownership by quarter for Stock Yards Bancorp (NASDAQ:SYBT)



Get news and reviews for Stock Yards Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Stock Yards Bancorp and related companies with MarketBeat.com’s FREE daily newsletter.

Comments are closed.