On Jan. 21, 2026, Stock Yards Bank & Trust Co. reported a buy of Stock Yards Bancorp (SYBT +1.12%), adding 366,475 shares in the fourth quarter in an estimated $24.6 million transaction based on quarterly average pricing.
What happened
According to an SEC filing dated Jan. 21, 2026, Stock Yards Bank & Trust Co. increased its position in Stock Yards Bancorp by 366,475 shares during the fourth quarter. The estimated transaction value was $24.6 million, calculated using the average closing price over the quarter. As a result, the fund's quarter-end holdings in Stock Yards Bancorp rose to 1,338,377 shares, valued at $86.93 million. The net position value increased by $18.90 million, reflecting both the share increase and stock price movement over the period.
NASDAQ: SYBT
Key Data Points
What else to know
- Direction recap: buy; Stock Yards Bancorp stake is 2.66% of Stock Yards Bank & Trust Co's 13F reportable AUM following the trade
- Top holdings after the filing:
- NASDAQ:MSFT: $166.6 million (5.1% of AUM)
- NASDAQ:GOOGL: $165.9 million (5.1% of AUM)
- NASDAQ:AAPL: $156.2 million (4.8% of AUM)
- NYSE:LLY: $123.2 million (3.8% of AUM)
- NYSEMKT:IVV: $120.3 million (3.7% of AUM)
- As of Jan. 20, 2026, Stock Yards Bancorp shares were trading at $67.82, down 5.6% over the past year and underperforming the S&P 500 by 20.4 percentage points.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $546.47 million |
| Net Income (TTM) | $135.23 million |
| Dividend Yield | 1.79% |
| Price (as of market close 2026-01-20) | $67.82 |
Company snapshot
- Offers commercial banking, mortgage, deposit, investment management, trust, and estate services through 73 full-service banking centers.
- Generates revenue primarily from net interest income, fees for wealth management and trust services, and other banking-related activities.
- Serves individuals, corporations, and businesses in Kentucky, Indiana, and Ohio metropolitan markets.
Stock Yards Bancorp is a regional financial services provider with a diversified portfolio spanning commercial banking and wealth management. The company leverages its strong community presence and comprehensive service offerings to attract a broad client base across key metropolitan areas. Its dual-segment strategy supports stable revenue streams and positions it competitively among regional banks.
What this transaction means for investors
Stock Yards Bancorp is a holding company for Stock Yards Bank & Trust. There may be several reasons for buying its own shares. But it sends a signal of confidence in the bank’s future. Stock Yards Bancorp reported strong fundamentals in 2025, despite the stock’s performance. Management may see its stock as undervalued.
However, Stock Yards could experience near-term pressure on its net interest margin (a key profitability measure for banks) if interest rates fall. This could weigh on the stock’s performance in 2026, as the Federal Reserve is expected to cut rates to stimulate the economy.
Still, Stock Yards holds an extensive portfolio of stocks, with top positions in quality industry leaders like Microsoft and Apple. It’s even more telling about the value it sees in its own shares that it reduced its positions in Microsoft and Apple in the fourth quarter while buying more of its own.
