Baron Silver Stevens Financial Advisors LLC Has $206,000 Stock Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Key Points

• Baron Silver Stevens Financial Advisors LLC reduced its position in Stock Yards Bancorp by 71.5%, now holding only 2,981 shares worth $206,000 after selling 7,482 shares in the first quarter.
• Stock Yards Bancorp recently announced a quarterly dividend of $0.31 per share, resulting in an annualized yield of 1.58% and a payout ratio of 29.95%.
• Analysts are showing varied sentiment on Stock Yards Bancorp, with price targets ranging from $79.75 to $86.00 and an overall average rating of "Hold."

Baron Silver Stevens Financial Advisors LLC trimmed its holdings in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 71.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,981 shares of the bank's stock after selling 7,482 shares during the quarter. Baron Silver Stevens Financial Advisors LLC's holdings in Stock Yards Bancorp were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV acquired a new position in shares of Stock Yards Bancorp during the first quarter worth $114,000. Bank of New York Mellon Corp increased its stake in Stock Yards Bancorp by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 129,010 shares of the bank's stock valued at $8,909,000 after purchasing an additional 2,030 shares during the period. GAMMA Investing LLC increased its stake in shares of Stock Yards Bancorp by 7,142.2% during the first quarter. GAMMA Investing LLC now owns 22,306 shares of the bank's stock worth $1,540,000 after acquiring an additional 21,998 shares during the period. Northern Trust Corp increased its stake in shares of Stock Yards Bancorp by 13.0% during the fourth 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 during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Stock Yards Bancorp during the fourth quarter worth about $1,193,000. Institutional investors and hedge funds own 56.46% of the company's stock.

Stock Yards Bancorp Stock Up 0.0%

NASDAQ SYBT traded up $0.03 during trading on Wednesday, reaching $76.56. The company's stock had a trading volume of 19,114 shares, compared to its average volume of 125,317. The business has a 50-day moving average price of $77.06 and a 200-day moving average price of $73.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.34. Stock Yards Bancorp, Inc. has a 1-year low of $53.21 and a 1-year high of $83.67. The stock has a market capitalization of $2.26 billion, a PE ratio of 17.66 and a beta of 0.72.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.10. Stock Yards Bancorp had a net margin of 23.86% and a return on equity of 13.51%. The business had revenue of $97.91 million during the quarter, compared to analysts' expectations of $95.32 million. On average, research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, June 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 28.51%.

Analysts Set New Price Targets

SYBT has been the topic of several recent research reports. Wall Street Zen downgraded shares of Stock Yards Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Stephens increased their price objective on shares of 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 raised 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 report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Stock Yards Bancorp from $80.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $79.75.

Insider Buying and Selling at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director Laura L. Wells sold 4,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $78.00, for a total value of $312,000.00. Following the sale, the director owned 14,954 shares of the company's stock, valued at $1,166,412. The trade was a 21.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Croce sold 4,100 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 24,600 shares in the company, valued at approximately $1,895,676. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,902 shares of company stock valued at $923,782 in the last 90 days. 3.40% of the stock is currently owned by company insiders.

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.