Champlain Investment Partners LLC Acquires 50,730 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Champlain Investment Partners LLC lifted its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,168,256 shares of the bank’s stock after purchasing an additional 50,730 shares during the quarter. Champlain Investment Partners LLC owned approximately 3.98% of Stock Yards Bancorp worth $57,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Stock Yards Bancorp by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,786,710 shares of the bank’s stock worth $91,998,000 after purchasing an additional 33,906 shares during the last quarter. Norges Bank bought a new position in shares of Stock Yards Bancorp in the fourth quarter valued at approximately $9,100,000. GSA Capital Partners LLP acquired a new stake in shares of Stock Yards Bancorp in the first quarter worth $863,000. RMB Capital Management LLC boosted its holdings in shares of Stock Yards Bancorp by 49.7% during the 4th quarter. RMB Capital Management LLC now owns 223,236 shares of the bank’s stock worth $11,494,000 after buying an additional 74,132 shares during the period. Finally, Barlow Wealth Partners Inc. acquired a new position in Stock Yards Bancorp in the 4th quarter valued at $3,226,000. Institutional investors own 56.46% of the company’s stock.

Insider Buying and Selling

In other Stock Yards Bancorp news, Director David P. Heintzman sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $47.05, for a total value of $141,150.00. Following the sale, the director now owns 113,070 shares of the company’s stock, valued at approximately $5,319,943.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 target price (up previously from $53.00) on shares of Stock Yards Bancorp in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.00.

Stock Yards Bancorp Stock Performance

Shares of Stock Yards Bancorp stock traded up $1.56 during midday trading on Tuesday, hitting $59.07. The company had a trading volume of 53,227 shares, compared to its average volume of 83,002. Stock Yards Bancorp, Inc. has a 1-year low of $36.93 and a 1-year high of $59.49. The business’s 50 day simple moving average is $48.95 and its two-hundred day simple moving average is $47.55. The stock has a market cap of $1.74 billion, a PE ratio of 16.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.88 and a quick ratio of 0.88.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Stock Yards Bancorp had a net margin of 22.86% and a return on equity of 12.51%. The business had revenue of $83.44 million during the quarter, compared to analyst estimates of $83.00 million. As a group, equities analysts predict that Stock Yards Bancorp, Inc. will post 3.48 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were paid a $0.30 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. Stock Yards Bancorp’s payout ratio is 33.71%.

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.