Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,605 shares of the bank's stock after acquiring an additional 6,804 shares during the quarter. Barclays PLC owned about 0.18% of Stock Yards Bancorp worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SYBT. Covestor Ltd raised its stake in shares of Stock Yards Bancorp by 164.5% during the fourth quarter. Covestor Ltd now owns 373 shares of the bank's stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Jones Financial Companies Lllp raised its position in Stock Yards Bancorp by 1,077.5% during the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock worth $34,000 after buying an additional 431 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Stock Yards Bancorp by 115.6% in the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after acquiring an additional 260 shares during the period. Kentucky Trust Co acquired a new stake in shares of Stock Yards Bancorp in the 4th quarter worth $44,000. Finally, Sterling Capital Management LLC increased its stake in shares of Stock Yards Bancorp by 806.7% during the fourth quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock worth $58,000 after acquiring an additional 718 shares during the period. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Stock Yards Bancorp Price Performance

NASDAQ SYBT traded up $1.08 during mid-day trading on Friday, hitting $74.41. The stock had a trading volume of 90,663 shares, compared to its average volume of 126,385. The company has a 50 day simple moving average of $69.16 and a 200 day simple moving average of $71.56. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.13 and a beta of 0.77. Stock Yards Bancorp, Inc. has a 52-week low of $44.36 and a 52-week high of $79.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. The business had revenue of $93.63 million during the quarter, compared to analysts' expectations of $92.90 million. During the same quarter last year, the business posted $0.88 earnings per share. Equities analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp's payout ratio is currently 29.95%.

Insider Buying and Selling at Stock Yards Bancorp

In related news, Director David P. Heintzman sold 3,419 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $74.71, for a total value of $255,433.49. Following the completion of the transaction, the director now owns 83,651 shares of the company's stock, valued at approximately $6,249,566.21. The trade was a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler set a $81.00 price objective on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a research report on Thursday, April 24th. Stephens lifted their price target on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price objective on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th.

Stock Yards Bancorp Profile

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.