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

Curi RMB Capital LLC raised its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,369 shares of the bank's stock after purchasing an additional 9,291 shares during the period. Curi RMB Capital LLC owned 0.85% of Stock Yards Bancorp worth $15,520,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Stock Yards Bancorp in the 2nd quarter valued at $45,000. Quantbot Technologies LP acquired a new position in shares of Stock Yards Bancorp in the first quarter valued at about $195,000. Wesbanco Bank Inc. bought a new position in Stock Yards Bancorp during the third quarter worth about $206,000. Ballentine Partners LLC acquired a new stake in Stock Yards Bancorp in the 3rd quarter worth about $219,000. Finally, Bridges Investment Management Inc. bought a new stake in Stock Yards Bancorp in the 3rd quarter valued at about $238,000. 56.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SYBT. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $64.00 price target (up from $54.00) on shares of Stock Yards Bancorp in a research report on Thursday, July 25th. Hovde Group cut Stock Yards Bancorp from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $67.00 to $68.00 in a report on Thursday, October 24th. Stephens upped their target price on Stock Yards Bancorp from $60.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Piper Sandler raised their price target on Stock Yards Bancorp from $65.50 to $69.00 and gave the stock 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, Stock Yards Bancorp presently has a consensus rating of "Hold" and an average price target of $67.75.

Stock Yards Bancorp Price Performance

Shares of SYBT stock traded down $0.78 during trading hours on Thursday, reaching $74.43. The company's stock had a trading volume of 110,657 shares, compared to its average volume of 106,975. Stock Yards Bancorp, Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $77.82. The firm's 50 day simple moving average is $63.89 and its 200-day simple moving average is $56.14. 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 company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.66 and a beta of 0.81.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $130.52 million for the quarter, compared to analyst estimates of $87.57 million. Stock Yards Bancorp had a return on equity of 12.00% and a net margin of 21.62%. Sell-side analysts forecast that Stock Yards Bancorp, Inc. will post 3.76 earnings per share for the current year.

Stock Yards Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.31 dividend. This is an increase from Stock Yards Bancorp's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.24 annualized dividend and a yield of 1.67%. Stock Yards Bancorp's dividend payout ratio is presently 34.07%.

Insider Buying and Selling at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director David P. Heintzman sold 2,700 shares of the 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 transaction, the director now directly owns 29,786 shares in the company, valued at approximately $1,878,603.02. This trade represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 15,700 shares of company stock worth $1,054,023 over the last quarter. Corporate insiders own 3.90% of the company's stock.

About Stock Yards Bancorp

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.