Arizona State Retirement System Trims Stock Yards Bancorp Holdings by 662 Shares

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The Arizona State Retirement System recently reduced their holdings of Stock Yards Bancorp ($NASDAQ:SYBT), Inc. by 662 shares. Stock Yards Bancorp, Inc. is a publicly traded bank holding company based in Louisville, Kentucky. The company focuses on providing personalized services for retail customers, businesses, and government entities.

It offers a variety of banking products and services such as consumer and commercial loans, deposits, treasury management services, and trust and investments services. The company also offers securities brokerage and money management services.

Share Price

The stock opened at $43.4 and closed at $43.2, indicating a slight decrease in value. This shows that the market had reacted negatively to the news of the Retirement System’s decision to reduce its stake in STOCK YARDS BANCORP. It remains to be seen how the market and other investors will respond to this news in the coming days. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for SYBT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for SYBT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for SYBT. More…

Key Ratios Snapshot

Some of the financial key ratios for SYBT are shown below. More…

Analysis

GoodWhale recently completed an in-depth analysis of STOCK YARDS BANCORP’s wellbeing. According to our Star Chart, STOCK YARDS BANCORP is showing strong performance in growth, profitability, assets, and dividends. In terms of cashflows and debt, STOCK YARDS BANCORP has a high health score of 8/10, indicating that the firm is in a good position to sustain future operations even in times of crisis. Based on our evaluation, we have classified STOCK YARDS BANCORP as a ‘gorilla’, a type of company we believe is characterized by stable and high revenue or earnings growth due to its strong competitive advantage. For this reason, we think that investors looking for a safe bet with potential for high returns may very well be interested in STOCK YARDS BANCORP. More…

Peers

In the banking industry, Stock Yards Bancorp Inc competes with PT Bank Mayapada Internasional Tbk, Wesbanco Inc, and Pioneer Bankcorp Inc. All four companies offer similar products and services, such as checking and savings accounts, loans, and credit cards.

However, each company differentiates itself in some way, whether it’s through customer service, interest rates, or fees.

– PT Bank Mayapada Internasional Tbk ($IDX:MAYA)

As of 2022, PT Bank Mayapada Internasional Tbk has a market cap of 8.16T. The company is a leading Indonesian bank that provides a wide range of banking products and services to personal, corporate, and institutional customers. It has a strong focus on retail and SME banking, and offers a variety of deposit, loan, and investment products. The bank has a network of over 500 branches and 4,000 ATMs across Indonesia.

– Wesbanco Inc ($NASDAQ:WSBC)

Wesbanco Inc is a regional bank holding company headquartered in Wheeling, West Virginia. As of December 31, 2019, Wesbanco operated 184 banking offices in the states of Ohio, Pennsylvania, and West Virginia. The company had $13.2 billion in assets and $9.7 billion in deposits. Wesbanco’s primary subsidiaries are Wesbanco Bank, Inc. and Union Bank, Inc.

Wesbanco Inc has a market cap of $2.32 billion as of 2022. The company operates 184 banking offices in the states of Ohio, Pennsylvania, and West Virginia. As of December 31, 2019, the company had $13.2 billion in assets and $9.7 billion in deposits.

Summary

The Arizona State Retirement System recently sold 662 shares of Stock Yards Bancorp, Inc., a financial services holding company.