Mutual of America Capital Management LLC Grows Stock Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Mutual of America Capital Management LLC lifted its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,907 shares of the bank’s stock after purchasing an additional 13,445 shares during the quarter. Mutual of America Capital Management LLC owned about 0.48% of Stock Yards Bancorp worth $6,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Stock Yards Bancorp by 121.7% in the fourth quarter. Signaturefd LLC now owns 1,530 shares of the bank’s stock worth $79,000 after acquiring an additional 840 shares during the last quarter. Quadrant Capital Group LLC grew its position in Stock Yards Bancorp by 70.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,931 shares of the bank’s stock valued at $99,000 after purchasing an additional 799 shares during the last quarter. SG Americas Securities LLC bought a new stake in Stock Yards Bancorp during the 4th quarter valued at about $165,000. German American Bancorp Inc. purchased a new position in Stock Yards Bancorp in the fourth quarter worth about $230,000. Finally, Joule Financial LLC purchased a new position in Stock Yards Bancorp in the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

NASDAQ:SYBT traded up $0.06 during mid-day trading on Monday, reaching $48.58. The company’s stock had a trading volume of 76,106 shares, compared to its average volume of 81,109. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.43 billion, a P/E ratio of 13.65 and a beta of 0.83. The firm’s fifty day moving average price is $47.49 and its two-hundred day moving average price is $47.35. Stock Yards Bancorp, Inc. has a 12-month low of $36.93 and a 12-month high of $53.15.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. The firm had revenue of $83.44 million during the quarter, compared to analysts’ expectations of $83.00 million. Stock Yards Bancorp had a net margin of 22.86% and a return on equity of 12.51%. On average, equities analysts forecast that Stock Yards Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.20 annualized dividend and a dividend yield of 2.47%. Stock Yards Bancorp’s payout ratio is 33.71%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Stock Yards Bancorp

In related news, Director David P. Heintzman sold 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $47.05, for a total transaction of $141,150.00. Following the completion of the sale, the director now owns 113,070 shares in the company, valued at $5,319,943.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.