SeaCrest Wealth Management LLC Has $292,000 Stake in Stock Yards Bancorp Inc (NASDAQ:SYBT)

SeaCrest Wealth Management LLC boosted its holdings in Stock Yards Bancorp Inc (NASDAQ:SYBT) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,078 shares of the bank’s stock after purchasing an additional 667 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Stock Yards Bancorp were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SYBT. Norges Bank bought a new position in Stock Yards Bancorp in the 4th quarter valued at about $2,428,000. River Road Asset Management LLC increased its holdings in Stock Yards Bancorp by 28.4% in the 1st quarter. River Road Asset Management LLC now owns 252,793 shares of the bank’s stock valued at $8,547,000 after buying an additional 55,979 shares during the period. American Research & Management Co. increased its holdings in Stock Yards Bancorp by 162.6% in the 2nd quarter. American Research & Management Co. now owns 64,525 shares of the bank’s stock valued at $2,333,000 after buying an additional 39,950 shares during the period. Champlain Investment Partners LLC increased its holdings in Stock Yards Bancorp by 3.8% in the 1st quarter. Champlain Investment Partners LLC now owns 885,321 shares of the bank’s stock valued at $29,933,000 after buying an additional 32,625 shares during the period. Finally, BlackRock Inc. increased its holdings in Stock Yards Bancorp by 1.8% in the 4th quarter. BlackRock Inc. now owns 1,634,286 shares of the bank’s stock valued at $53,604,000 after buying an additional 29,046 shares during the period. Institutional investors and hedge funds own 49.70% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 26th. BidaskClub raised shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. Finally, ValuEngine raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 29th.

SYBT stock traded up $0.15 during mid-day trading on Friday, hitting $37.40. The stock had a trading volume of 59,687 shares, compared to its average volume of 35,638. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.94 and a quick ratio of 0.94. Stock Yards Bancorp Inc has a 52 week low of $28.02 and a 52 week high of $39.10. The stock has a market capitalization of $872.96 million, a price-to-earnings ratio of 15.45 and a beta of 0.47. The stock’s fifty day moving average is $35.67.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, July 24th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.61 by $0.11. The firm had revenue of $43.04 million for the quarter, compared to analyst estimates of $42.35 million. Stock Yards Bancorp had a net margin of 32.58% and a return on equity of 16.60%. As a group, analysts anticipate that Stock Yards Bancorp Inc will post 2.66 earnings per share for the current year.

In related news, insider Kathy C. Thompson sold 2,609 shares of Stock Yards Bancorp stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $34.51, for a total transaction of $90,036.59. Following the sale, the insider now directly owns 38,448 shares of the company’s stock, valued at approximately $1,326,840.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David P. Heintzman sold 5,686 shares of Stock Yards Bancorp stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.64, for a total transaction of $202,649.04. Following the sale, the chairman now directly owns 150,962 shares in the company, valued at $5,380,285.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 338 shares of company stock worth $11,716 and have sold 17,595 shares worth $615,562. Insiders own 8.30% of the company’s stock.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, money market deposits, and time deposits.

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

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