4,495 Shares in Stock Yards Bancorp, Inc. $SYBT Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 4,495 shares of Stock Yards Bancorp, valued at approximately $355,000, during the second quarter.
• The bank recently announced an increased quarterly dividend of $0.32 per share, up from $0.31, translating to an annual yield of 1.9%.
• Stock Yards Bancorp's stock has a current market capitalization of $2.03 billion, and the company reported a net margin of 23.86% and a revenue of $97.91 million for the last quarter.

Callan Family Office LLC bought a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,495 shares of the bank's stock, valued at approximately $355,000.

A number of other large investors also recently modified their holdings of SYBT. KBC Group NV purchased a new stake in shares of Stock Yards Bancorp in the 1st quarter valued at approximately $114,000. Truist Financial Corp purchased a new position in shares of Stock Yards Bancorp in the 2nd quarter valued at $207,000. Johnson Investment Counsel Inc. purchased a new position in shares of Stock Yards Bancorp in the 1st quarter valued at $223,000. Contravisory Investment Management Inc. purchased a new position in shares of Stock Yards Bancorp in the 2nd quarter valued at $256,000. Finally, Quantbot Technologies LP grew its position in shares of Stock Yards Bancorp by 132.8% in the 1st quarter. Quantbot Technologies LP now owns 4,070 shares of the bank's stock valued at $281,000 after buying an additional 2,322 shares during the last quarter. 56.46% of the stock is owned by hedge funds and other institutional investors.

Stock Yards Bancorp Stock Down 2.4%

SYBT stock opened at $68.96 on Thursday. Stock Yards Bancorp, Inc. has a one year low of $60.75 and a one year high of $83.83. The stock has a market capitalization of $2.03 billion, a PE ratio of 15.85 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $74.90 and a 200-day moving average of $74.55.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $1.05 by $0.10. Stock Yards Bancorp had a net margin of 23.86% and a return on equity of 13.31%. The company had revenue of $97.91 million during the quarter, compared to analysts' expectations of $95.32 million. As a group, analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.32 dividend. This is a boost from Stock Yards Bancorp's previous quarterly dividend of $0.31. The ex-dividend date was Monday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. Stock Yards Bancorp's dividend payout ratio (DPR) is 29.43%.

Insider Activity at Stock Yards Bancorp

In related news, CEO James A. Hillebrand sold 2,162 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $83.32, for a total value of $180,137.84. Following the completion of the sale, the chief executive officer owned 107,292 shares in the company, valued at $8,939,569.44. This trade represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on SYBT shares. Wall Street Zen raised shares of Stock Yards Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, October 11th. Piper Sandler increased their price target on shares of Stock Yards Bancorp from $81.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Weiss Ratings cut shares of Stock Yards Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Stock Yards Bancorp from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.75.

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.

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