Added 366,475 shares of Stock Yards Bank; estimated trade size approximately $24.6 million based on quarterly average pricing.
Quarter-end position value increased by $18.90 million, reflecting both share addition and price movement.
Transaction value equaled 0.75% of 13F reportable assets under management (AUM).
Post-trade stake: 1,338,377 shares valued at $86.9 million.
The position now represents 2.6% of fund AUM, which places it outside the fund's top five holdings.
On Jan. 21, 2026, Stock Yards Bank & Trust Co. reported a buy of Stock Yards Bancorp (NASDAQ:SYBT), adding 366,475 shares in the fourth quarter in an estimated $24.6 million transaction based on quarterly average pricing.
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.
| 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 |
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.
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.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, and Microsoft. The Motley Fool has a disclosure policy.