Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 50.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,872 shares of the bank's stock after purchasing an additional 8,048 shares during the period. Deutsche Bank AG owned 0.08% of Stock Yards Bancorp worth $1,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYBT. Covestor Ltd lifted its stake in Stock Yards Bancorp by 164.5% during the 4th quarter. Covestor Ltd now owns 373 shares of the bank's stock valued at $27,000 after acquiring an additional 232 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Stock Yards Bancorp by 1,077.5% during the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock worth $34,000 after buying an additional 431 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Stock Yards Bancorp by 115.6% during the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after buying an additional 260 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of Stock Yards Bancorp during the fourth quarter worth $44,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Stock Yards Bancorp by 806.7% in the fourth 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. Hedge funds and other institutional investors own 56.46% of the company's stock.

Insider Activity

In other news, Director Laura L. Wells sold 1,000 shares of Stock Yards Bancorp stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the transaction, the director now owns 18,954 shares of the company's stock, valued at $1,459,458. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David P. Heintzman sold 3,419 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $74.71, for a total transaction of $255,433.49. Following the completion of the transaction, the director now directly owns 83,651 shares of the company's stock, valued at $6,249,566.21. The trade was a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,000 shares of company stock worth $449,427 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYBT has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Stock Yards Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods cut 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 note on Thursday, April 24th. Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, Stephens increased their price target 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, Stock Yards Bancorp has a consensus rating of "Hold" and an average price target of $77.25.

Stock Yards Bancorp Stock Performance

SYBT stock traded down $0.29 on Thursday, hitting $73.37. The company's stock had a trading volume of 27,238 shares, compared to its average volume of 128,851. The firm has a 50 day moving average of $71.14 and a two-hundred day moving average of $72.58. Stock Yards Bancorp, Inc. has a 1 year low of $44.36 and a 1 year high of $79.85. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 18.81 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. The firm had revenue of $93.63 million during the quarter, compared to the consensus estimate of $92.90 million. During the same period last year, the company earned $0.88 earnings per share. Equities analysts predict that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, June 16th. Stock Yards Bancorp's dividend payout ratio is presently 29.95%.

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.