Aptus Capital Advisors LLC Has $10.21 Million Position in Stock Yards Bancorp, Inc. $SYBT

Key Points

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Aptus Capital Advisors LLC boosted its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 12.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,768 shares of the bank's stock after purchasing an additional 16,698 shares during the quarter. Aptus Capital Advisors LLC owned about 0.50% of Stock Yards Bancorp worth $10,205,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in Stock Yards Bancorp by 806.7% in the 4th quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock valued at $58,000 after purchasing an additional 718 shares during the period. Tower Research Capital LLC TRC raised its holdings in Stock Yards Bancorp by 18.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,537 shares of the bank's stock valued at $110,000 after acquiring an additional 234 shares in the last quarter. KBC Group NV acquired a new position in Stock Yards Bancorp in the 1st quarter valued at $114,000. Summit Investment Advisors Inc. raised its holdings in Stock Yards Bancorp by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,679 shares of the bank's stock valued at $192,000 after acquiring an additional 171 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in Stock Yards Bancorp by 53.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,762 shares of the bank's stock valued at $198,000 after acquiring an additional 962 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors.

Insider Transactions at Stock Yards Bancorp

In other news, EVP Michael Croce sold 4,100 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $77.06, for a total transaction of $315,946.00. Following the completion of the transaction, the executive vice president owned 24,600 shares of the company's stock, valued at approximately $1,895,676. The trade was a 14.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura L. Wells sold 4,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $78.00, for a total value of $312,000.00. Following the transaction, the director directly owned 14,954 shares of the company's stock, valued at $1,166,412. This trade represents a 21.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,902 shares of company stock valued at $846,782. Corporate insiders own 3.40% of the company's stock.

Stock Yards Bancorp Price Performance

Shares of Stock Yards Bancorp stock traded up $4.50 during trading on Friday, reaching $81.55. 164,868 shares of the company's stock were exchanged, compared to its average volume of 98,517. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 0.95. Stock Yards Bancorp, Inc. has a 1-year low of $56.35 and a 1-year high of $83.67. The company has a market cap of $2.40 billion, a P/E ratio of 18.75 and a beta of 0.74. The firm's 50-day moving average price is $77.35 and its 200 day moving average price is $73.76.

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

Stock Yards Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.32 per share. This is an increase from Stock Yards Bancorp's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. Stock Yards Bancorp's payout ratio is presently 28.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler lifted their price objective on Stock Yards Bancorp from $81.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen cut Stock Yards Bancorp from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Keefe, Bruyette & Woods lifted their price objective on Stock Yards Bancorp from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $79.75.

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.