Dimensional Fund Advisors LP Has $69.13 Million Stock Holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Dimensional Fund Advisors LP lifted its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 965,396 shares of the bank's stock after purchasing an additional 24,011 shares during the quarter. Dimensional Fund Advisors LP owned 3.28% of Stock Yards Bancorp worth $69,133,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in Stock Yards Bancorp by 120.2% during the fourth 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. Norges Bank bought a new stake in shares of Stock Yards Bancorp during the 4th quarter worth approximately $5,761,000. Barclays PLC boosted its holdings in shares of Stock Yards Bancorp by 137.8% in the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank's stock valued at $2,840,000 after buying an additional 26,537 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Stock Yards Bancorp by 471.1% in the fourth quarter. Kennedy Capital Management LLC now owns 28,556 shares of the bank's stock valued at $2,045,000 after buying an additional 23,556 shares in the last quarter. Finally, Martin Worley Group acquired a new position in Stock Yards Bancorp during the fourth quarter worth $1,660,000. Institutional investors and hedge funds own 56.46% of the company's stock.

Stock Yards Bancorp Stock Performance

Stock Yards Bancorp stock traded up $0.03 during trading hours on Tuesday, hitting $73.56. The company had a trading volume of 13,987 shares, compared to its average volume of 126,134. The firm has a 50-day moving average of $69.22 and a 200 day moving average of $71.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $2.17 billion, a PE ratio of 18.87 and a beta of 0.73. Stock Yards Bancorp, Inc. has a one year low of $44.36 and a one year high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.13. The company had revenue of $93.63 million for the quarter, compared to analyst estimates of $92.90 million. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same quarter last year, the company earned $0.88 earnings per share. On average, sell-side analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp's dividend payout ratio is currently 29.95%.

Insider Activity

In other Stock Yards Bancorp news, Director David P. Heintzman sold 3,419 shares of Stock Yards Bancorp 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 sale, the director now owns 83,651 shares in the company, valued at $6,249,566.21. The trade was a 3.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SYBT. Stephens boosted their price target 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. Piper Sandler set a $81.00 target price on Stock Yards Bancorp and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a 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.