Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Holdings Decreased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 61.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,776 shares of the bank's stock after selling 154,089 shares during the period. Deprince Race & Zollo Inc. owned 0.33% of Stock Yards Bancorp worth $6,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in Stock Yards Bancorp by 120.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank's stock valued at $76,953,000 after purchasing an additional 586,550 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Stock Yards Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 965,396 shares of the bank's stock worth $69,133,000 after acquiring an additional 24,011 shares during the period. American Century Companies Inc. boosted its position in shares of Stock Yards Bancorp by 2.1% during the 4th quarter. American Century Companies Inc. now owns 277,561 shares of the bank's stock worth $19,876,000 after acquiring an additional 5,661 shares in the last quarter. Northern Trust Corp raised its position in shares of Stock Yards Bancorp by 13.0% during the 4th quarter. Northern Trust Corp now owns 274,295 shares of the bank's stock worth $19,642,000 after acquiring an additional 31,529 shares in the last quarter. Finally, Curi RMB Capital LLC raised its holdings in Stock Yards Bancorp by 1.1% during the fourth quarter. Curi RMB Capital LLC now owns 253,020 shares of the bank's stock worth $18,119,000 after purchasing an additional 2,651 shares in the last quarter. Hedge funds and other institutional investors own 56.46% of the company's stock.

Analyst Upgrades and Downgrades

SYBT has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered their target price on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Piper Sandler set a $81.00 price target on shares of Stock Yards Bancorp and gave the stock a "neutral" rating in a research note on Thursday, April 24th. StockNews.com raised Stock Yards Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Stephens boosted their target price on Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Stock Yards Bancorp currently has an average rating of "Hold" and a consensus price target of $77.25.

Insider Buying and Selling at Stock Yards Bancorp

In other news, Director David P. Heintzman sold 1,581 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $74.00, for a total value of $116,994.00. Following the completion of the sale, the director now owns 82,070 shares of the company's stock, valued at approximately $6,073,180. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Stock Yards Bancorp Trading Up 0.0%

Shares of Stock Yards Bancorp stock traded up $0.03 during trading hours on Wednesday, hitting $77.14. The company's stock had a trading volume of 18,647 shares, compared to its average volume of 127,266. The business has a fifty day moving average of $69.71 and a 200 day moving average of $72.08. 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 1-year low of $44.36 and a 1-year high of $79.85. The company has a market capitalization of $2.27 billion, a PE ratio of 19.83 and a beta of 0.73.

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 analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.61%. Stock Yards Bancorp's dividend payout ratio is presently 29.95%.

Stock Yards Bancorp Company 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.