SCHEDULE: Neuberger Berman Discloses 5.4% Stake in Stock Yards Bancorp

Neuberger Berman Group LLC and its affiliates have reported beneficial ownership of 5.4% of Stock Yards Bancorp, Inc. common stock as of June 30, 2026.

Summary

• Neuberger Berman Group LLC and its affiliates, including Neuberger Berman Investment Advisers LLC, have filed a Schedule 13G indicating beneficial ownership of 1,606,499 shares of Stock Yards Bancorp, Inc. common stock.
• This represents 5.4% of the class of securities outstanding.
• The filing is made as of June 30, 2026, and details shared voting and dispositive power among various Neuberger Berman entities.
• The reporting persons disclaim beneficial ownership beyond their actual economic interest, stating that clients have the sole right to dividends and sale proceeds.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of institutional ownership without any indication of positive or negative operational news or strategic shifts for Stock Yards Bancorp.

Positives

• Significant institutional ownership by a reputable investment firm like Neuberger Berman can signal confidence in the company's long-term prospects.
• The disclosure indicates a substantial investment, suggesting Neuberger Berman sees value in Stock Yards Bancorp.

Negatives

• The filing is a standard Schedule 13G, which typically indicates passive investment rather than active control-seeking, but it does not provide operational or financial performance data that could be positive or negative.

Risks

• While this filing is primarily a disclosure of ownership, any significant shift in institutional holdings can be perceived as a risk by the market.
• The disclaimer of beneficial ownership and economic interest by Neuberger Berman entities suggests that the actual control and economic benefits lie with their clients, introducing a layer of complexity regarding ultimate influence.

Future Outlook

This filing is a disclosure of ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Neuberger Berman Group LLC and its affiliates may be deemed to beneficially own the securities covered by this report in their various fiduciary capacities by virtue of the provisions of Exchange Act Rule 13d-3.
• This report is not an admission that any of these entities are the beneficial owner of the securities covered by this report and each of Neuberger Berman Group LLC, Neuberger Berman Investment Advisers Holdings LLC, Neuberger Trust Holdings LLC, Neuberger Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger Berman Trust Co of Delaware N.A. and Neuberger Berman Investment Advisers LLC and certain affiliated persons disclaim beneficial ownership of the securities covered by this statement pursuant to Exchange Act Rule 13d-4.
• The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities.

Industry Context

StockSavvy.ai notes that the filing of a Schedule 13G by Neuberger Berman Group LLC indicates a significant passive investment in Stock Yards Bancorp, Inc. This type of filing is common for large asset managers accumulating stakes in publicly traded companies without seeking to control them, reflecting a broader trend of institutional capital allocation within the financial sector.

Stakeholder Impact

• Shareholders: The increased institutional ownership may be viewed positively, potentially leading to greater liquidity and market interest in the stock. However, the passive nature of the investment means no immediate change in corporate strategy is implied.
• Creditors: No direct impact is indicated by this filing.
• Employees: No direct impact is indicated by this filing.
• Customers: No direct impact is indicated by this filing.
• Suppliers: No direct impact is indicated by this filing.

Next Steps

• Monitor future filings for any changes in Neuberger Berman's stake in Stock Yards Bancorp.
• Observe Stock Yards Bancorp's financial performance and strategic announcements for insights into the company's operations.

Key Dates

Keywords

Stock Yards Bancorp, Neuberger Berman, Schedule 13G, Institutional Ownership, Beneficial Ownership, SEC Filing, Common Stock, Investment Management