Ready your saddles, investors, for Stock Yards Bancorp (NasdaqGS:SYBT) is galloping forth with a 6.96% increase in its average one-year price target, now hitting a robust $57.46 per share. This auspicious rise sprouted from the soil of a prior estimate dated January 16, 2024, which stood at $53.72.
The current price target is a mosaic crafted from the brushstrokes of various analysts. The latest targets span the horizon, ranging from a low of $53.53 to a high flying eagle at $65.10 per share. This average price target signifies a 24.91% upswing from the latest closing price of $46.00 per share.
Diving into Fund Sentiment
Within Stock Yards Bancorp, a congregation of 360 funds or institutions are chanting bullish hymns. This number remains unchanged over the last quarter. The average portfolio weight of all funds hitched to SYBT has ascended to 0.14%, marking a considerable 10.31% growth. Total institution-held shares saw a 3.02% upsurge in the last three months, now standing tall at 20,571K shares. 
The put/call ratio of SYBT bellows out at 0.11, painting a picture of a bullish horizon.
Insights into Shareholder Actions
Neuberger Berman Group stands proud with 1,319K shares, claiming a 4.50% throne in the company’s kingdom. In their previous proclamation, the firm declared ownership of 1,334K shares, showcasing a 1.09% decline. Their treasury for SYBT witnessed a contraction by a significant 36.89% in the last quarter.
Kayne Anderson Rudnick Investment Management too brandishes their 1,319K shares, harnessing a 4.50% stake in the company. In their previous declaration, the firm boasted possession of 1,369K shares, revealing a 3.82% dwindling. Their coffers brimmed with an enlargement of 11.49% in SYBT over the last quarter.
Stock Yards Bank & Trust clasps onto 1,274K shares, garnering a 4.34% grasp of the company pie. In their last testimony, the firm claimed 1,279K shares, painting a picture of a slight 0.38% shrinkage. The firm trimmed its share of SYBT’s treasure by 32.11% during the last quarter.
Champlain Investment Partners dances with 1,118K shares, meriting a 3.81% stake in the SYBT domain. Their last song spoke of a mere 859K shares, showing an exuberant 23.15% surge. Champlain Investment Partners padded up its coffers by 55.75% in SYBT over the recent moon.
NBGNX – Neuberger Berman Genesis Fund Investor Class parades with 874K shares, seizing a 2.98% hand in the company’s realm. Their previous mention whispered of 876K shares, confessing to a 0.23% deflation. Their money chest bloated by 2.16% in SYBT over the last quarter.
Unveiling Stock Yards Bancorp’s Tale
(This description is provided by the company.)
Hailing from the river-kissed lands of Louisville, Kentucky, Stock Yards Bancorp, Inc., dons a crown of $4.6 billion in assets. Born in 1988 as a bank-holding noble, it sired Stock Yards Bank & Trust Company, a venerable entity born in the year 1904.
Fintel emerges as a beacon for discerning investors, serving a feast of investment research. It beckons to individual investors, traders, financial advisors, and minnow hedge funds, offering a reservoir of data encompassing fundamentals, analyst reports, ownership insights, fund sentiments, options trends, insider trading, options activity, arcane options maneuvers, and much more. Moreover, its exclusive stock picks are like arrows guided by weathered, tested quantitative models for enhanced plunder.
Delve Deeper into the Story
This tale initially unfurled on Fintel’s tapestry.
The opinions and viewpoints unspooled in this narrative dance are the ruminations of the weaver and do not necessarily echo the whispers of Nasdaq, Inc.
