Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stake Increased by Barclays PLC

Barclays PLC lifted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,605 shares of the bank's stock after acquiring an additional 6,804 shares during the period. Barclays PLC owned 0.18% of Stock Yards Bancorp worth $3,767,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in Stock Yards Bancorp by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,679 shares of the bank's stock worth $192,000 after purchasing an additional 171 shares during the period. Sterling Capital Management LLC raised its position in shares of Stock Yards Bancorp by 806.7% in the 4th quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock worth $58,000 after buying an additional 718 shares during the period. Covestor Ltd boosted its holdings in Stock Yards Bancorp by 164.5% in the fourth quarter. Covestor Ltd now owns 373 shares of the bank's stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Kennedy Capital Management LLC grew its position in Stock Yards Bancorp by 471.1% during the fourth quarter. Kennedy Capital Management LLC now owns 28,556 shares of the bank's stock valued at $2,045,000 after acquiring an additional 23,556 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Stock Yards Bancorp during the fourth quarter worth about $835,000. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Up 1.5 %

Shares of NASDAQ SYBT traded up $1.08 on Friday, hitting $74.41. The company had a trading volume of 90,663 shares, compared to its average volume of 126,725. The firm has a market capitalization of $2.19 billion, a P/E ratio of 19.13 and a beta of 0.77. 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, Inc. has a 12-month low of $44.36 and a 12-month high of $79.79. The business has a 50 day moving average of $69.16 and a two-hundred day moving average of $71.60.

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

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp's dividend payout ratio (DPR) is 29.95%.

Insiders Place Their Bets

In other news, Director David P. Heintzman sold 1,581 shares of Stock Yards Bancorp stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $74.00, for a total transaction of $116,994.00. Following the sale, the director now directly owns 82,070 shares of the company's stock, valued at approximately $6,073,180. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SYBT shares. Stephens lifted their price objective 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. Piper Sandler set a $81.00 price target on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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.

About Stock Yards Bancorp

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.