Champlain Investment Partners LLC Lowers Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Champlain Investment Partners LLC cut its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBTGet Rating) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 768,985 shares of the bank’s stock after selling 138,592 shares during the quarter. Champlain Investment Partners LLC owned about 2.89% of Stock Yards Bancorp worth $49,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SYBT. Advisor Group Holdings Inc. raised its position in shares of Stock Yards Bancorp by 794.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,279 shares of the bank’s stock valued at $82,000 after buying an additional 1,136 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Stock Yards Bancorp during the 4th quarter valued at $148,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Stock Yards Bancorp during the 4th quarter valued at $204,000. Cpwm LLC purchased a new stake in shares of Stock Yards Bancorp during the 3rd quarter valued at $215,000. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Stock Yards Bancorp during the 4th quarter valued at $221,000. Hedge funds and other institutional investors own 51.96% of the company’s stock.

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Zacks Investment Research raised shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Saturday, April 30th.

Shares of SYBT stock traded up $0.02 on Thursday, hitting $54.71. 63,691 shares of the company’s stock traded hands, compared to its average volume of 58,576. Stock Yards Bancorp, Inc. has a one year low of $45.92 and a one year high of $67.40. The company’s fifty day simple moving average is $53.54 and its 200 day simple moving average is $58.55. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.42 and a beta of 0.71.

Stock Yards Bancorp (NASDAQ:SYBTGet Rating) last released its earnings results on Wednesday, April 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). Stock Yards Bancorp had a net margin of 23.13% and a return on equity of 15.16%. As a group, equities research analysts anticipate that Stock Yards Bancorp, Inc. will post 3.58 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, March 21st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, March 18th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

About Stock Yards Bancorp (Get Rating)

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company and SYB Insurance Company, Inc that provides various banking products and services in Louisville, Indianapolis, Indiana, and Ohio. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment provides mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and leasing, treasury management, merchant, international banking, correspondent banking, and other banking services.

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

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