Dimensional Fund Advisors LP Decreases Position in Stock Yards Bancorp, Inc. (SYBT)

Dimensional Fund Advisors LP lowered its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 789,413 shares of the bank’s stock after selling 4,140 shares during the quarter. Dimensional Fund Advisors LP owned 3.48% of Stock Yards Bancorp worth $30,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SYBT. UBS Asset Management Americas Inc. bought a new position in Stock Yards Bancorp during the first quarter valued at about $228,000. SG Americas Securities LLC bought a new position in Stock Yards Bancorp during the first quarter valued at about $194,000. American International Group Inc. boosted its stake in Stock Yards Bancorp by 6.9% during the first quarter. American International Group Inc. now owns 13,066 shares of the bank’s stock valued at $531,000 after buying an additional 847 shares in the last quarter. Teachers Advisors LLC boosted its stake in Stock Yards Bancorp by 7.7% during the first quarter. Teachers Advisors LLC now owns 51,667 shares of the bank’s stock valued at $2,100,000 after buying an additional 3,705 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Stock Yards Bancorp by 2.9% during the first quarter. California Public Employees Retirement System now owns 17,650 shares of the bank’s stock valued at $717,000 after buying an additional 500 shares in the last quarter. 48.04% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on SYBT shares. Zacks Investment Research raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

In related news, insider Philip Poindexter sold 850 shares of Stock Yards Bancorp stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $35.26, for a total transaction of $29,971.00. Following the completion of the sale, the insider now directly owns 23,132 shares of the company’s stock, valued at $815,634.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kathy C. Thompson sold 2,284 shares of Stock Yards Bancorp stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.62, for a total value of $90,492.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 352 shares of company stock valued at $12,620 and have sold 9,680 shares valued at $358,405. 6.20% of the stock is owned by insiders.

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Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Stock Yards Bancorp had a return on equity of 13.66% and a net margin of 28.57%. The business had revenue of $37.27 million during the quarter, compared to analysts’ expectations of $37.81 million. During the same period in the previous year, the firm earned $0.46 earnings per share.

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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