Shell Asset Management Co. Reduces Stake in Stock Yards Bancorp,
May 17, 2023
Trending News ☀️
Stock Yards Bancorp ($NASDAQ:SYBT), Inc. is a publicly traded financial services and bank holding company based in Louisville, Kentucky. It provides a range of commercial banking, trust, and investment services to individual and corporate customers through its banking and wealth management divisions. Recently, Shell Asset Management Co. reduced its stakes in Stock Yards Bancorp, Inc. stocks. Shell Asset Management Co. is a global investment manager that provides a wide range of services to individuals, fund managers, institutions, and corporations.
However, the move suggests that the company is adjusting its portfolio to focus on other investments. This could be due to the current market volatility or to a strategic decision by Shell Asset Management Co. to diversify its portfolio. Investors should take this as an opportunity to review their own portfolio and consider if any adjustments are necessary in order to remain secure in the long-term.
Price History
The stock opened at $42.3 and closed at $42.0, indicating a downward pressure on the stock. The change comes after Shell Asset Management Co. took a fresh look at Stock Yards Bancorp’s financials, investor sentiment and competitive landscape. This decrease in ownership suggests that Shell Asset Management Co. believes there may be better opportunities than Stock Yards Bancorp right now. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SYBT. More…
| Total Revenues | Net Income | Net Margin |
| – | 114.11 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SYBT. More…
| Operations | Investing | Financing |
| 108.74 | -384.43 | -518.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SYBT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.67k | 6.74k | – |
Key Ratios Snapshot
Some of the financial key ratios for SYBT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.2% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale conducted an analysis of STOCK YARDS BANCORP’s well-being, and the results were quite impressive. According to our Star Chart, STOCK YARDS BANCORP is classified as a ‘gorilla’ company—a type of company that we assume has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are interested in such a company would be those who seek to gain long-term capital appreciation and consistent cash flow. This is evidenced by STOCK YARDS BANCORP’s high health score of 8/10 with regard to cash flows and debt, showing that this company is capable of sustaining operations in times of crisis. STOCK YARDS BANCORP is also strong in terms of growth, profitability, asset, and dividend performance. Overall, this is an excellent option for investors looking for a strong and stable investment. 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
It offers a range of commercial banking services and subsidiary investments through its banking subsidiary Stock Yards Bank & Trust Company. Its banking services include deposit accounts, residential and commercial lending, personal trust services, electronic banking, and other services. The company’s investment activities are primarily focused on securities trading, asset management and investment advisory services. Analysts are optimistic about its future performance and believe that it will deliver robust earnings growth in the near future.
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