Stock Yards Bancorp Inc (SYBT) Position Trimmed by OxFORD Asset Management LLP

OxFORD Asset Management LLP decreased its holdings in shares of Stock Yards Bancorp Inc (NASDAQ:SYBT) by 36.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,489 shares of the bank’s stock after selling 7,591 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.06% of Stock Yards Bancorp worth $512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Stock Yards Bancorp by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 800,868 shares of the bank’s stock valued at $30,432,000 after buying an additional 11,455 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Stock Yards Bancorp by 5.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 97,023 shares of the bank’s stock valued at $3,687,000 after buying an additional 5,135 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Stock Yards Bancorp by 33.8% in the third quarter. Wells Fargo & Company MN now owns 33,506 shares of the bank’s stock valued at $1,273,000 after buying an additional 8,456 shares during the last quarter. Citadel Advisors LLC lifted its stake in Stock Yards Bancorp by 20.6% in the third quarter. Citadel Advisors LLC now owns 28,982 shares of the bank’s stock valued at $1,101,000 after buying an additional 4,956 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Stock Yards Bancorp in the third quarter valued at approximately $118,000. Institutional investors own 47.71% of the company’s stock.

Stock Yards Bancorp Inc (SYBT) opened at $38.15 on Wednesday. The stock has a market capitalization of $875.09, a P/E ratio of 20.08 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Stock Yards Bancorp Inc has a twelve month low of $31.90 and a twelve month high of $48.05.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. The business had revenue of $37.27 million for the quarter, compared to analyst estimates of $37.81 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. sell-side analysts forecast that Stock Yards Bancorp Inc will post 1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, December 8th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.20. Stock Yards Bancorp’s dividend payout ratio is currently 44.21%.

A number of brokerages have weighed in on SYBT. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 29th. BidaskClub lowered Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.

In related news, insider Kathy C. Thompson sold 3,324 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $38.10, for a total transaction of $126,644.40. Following the transaction, the insider now owns 40,440 shares of the company’s stock, valued at $1,540,764. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David P. Heintzman sold 1,264 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.55, for a total value of $49,991.20. Following the completion of the sale, the chief executive officer now directly owns 165,809 shares in the company, valued at approximately $6,557,745.95. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 638 shares of company stock worth $24,837 and have sold 9,372 shares worth $365,453. Corporate insiders own 6.20% of the company’s stock.

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Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.

Institutional Ownership by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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