Chatham Capital Group Inc. Sells 2,395 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Chatham Capital Group Inc. trimmed its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,240 shares of the bank’s stock after selling 2,395 shares during the quarter. Chatham Capital Group Inc.’s holdings in Stock Yards Bancorp were worth $3,168,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Stock Yards Bancorp during the 4th quarter worth approximately $835,000. Proficio Capital Partners LLC bought a new position in shares of Stock Yards Bancorp during the 4th quarter worth approximately $954,000. Victory Capital Management Inc. grew its stake in shares of Stock Yards Bancorp by 120.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank’s stock worth $76,953,000 after acquiring an additional 586,550 shares in the last quarter. Keybank National Association OH bought a new position in shares of Stock Yards Bancorp during the 4th quarter worth approximately $452,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Stock Yards Bancorp by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 222,632 shares of the bank’s stock worth $15,943,000 after acquiring an additional 3,605 shares in the last quarter. 56.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stephens cut shares of Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $70.00 to $76.00 in a research note on Friday, November 15th.

Stock Yards Bancorp Price Performance

Shares of SYBT opened at $69.36 on Friday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 17.83 and a beta of 0.86. Stock Yards Bancorp, Inc. has a twelve month low of $42.35 and a twelve month high of $79.79. The company has a 50 day moving average of $73.01 and a 200-day moving average of $69.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, beating the consensus estimate of $0.99 by $0.08. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, March 17th. Stock Yards Bancorp’s payout ratio is presently 31.88%.

Stock Yards Bancorp Profile

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.