Deutsche Bank AG Has $1.71 Million Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Deutsche Bank AG boosted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,872 shares of the bank's stock after purchasing an additional 8,048 shares during the quarter. Deutsche Bank AG owned 0.08% of Stock Yards Bancorp worth $1,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SYBT. Firethorn Wealth Partners LLC raised its position in shares of Stock Yards Bancorp by 0.9% during the fourth quarter. Firethorn Wealth Partners LLC now owns 14,633 shares of the bank's stock valued at $1,048,000 after buying an additional 136 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Stock Yards Bancorp by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank's stock valued at $1,800,000 after acquiring an additional 152 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Stock Yards Bancorp by 0.9% in the 4th quarter. Cerity Partners LLC now owns 18,713 shares of the bank's stock worth $1,339,000 after acquiring an additional 160 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Stock Yards Bancorp by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,679 shares of the bank's stock worth $192,000 after purchasing an additional 171 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of Stock Yards Bancorp by 0.9% during the 4th quarter. Thoroughbred Financial Services LLC now owns 23,771 shares of the bank's stock worth $1,702,000 after purchasing an additional 215 shares in the last quarter. 56.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Stock Yards Bancorp

In related news, Director Laura L. Wells sold 1,000 shares of Stock Yards Bancorp stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $77.00, for a total value of $77,000.00. Following the sale, the director now owns 18,954 shares of the company's stock, valued at approximately $1,459,458. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Heintzman sold 1,581 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $74.00, for a total value of $116,994.00. Following the sale, the director now owns 82,070 shares in the company, valued at $6,073,180. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,000 shares of company stock valued at $449,427. 3.40% of the stock is currently owned by insiders.

Stock Yards Bancorp Price Performance

Shares of NASDAQ SYBT traded down $0.24 during mid-day trading on Thursday, hitting $73.42. 92,697 shares of the stock were exchanged, compared to its average volume of 129,286. Stock Yards Bancorp, Inc. has a twelve month low of $45.01 and a twelve month high of $79.85. The stock's fifty day simple moving average is $71.20 and its two-hundred day simple moving average is $72.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $2.16 billion, a P/E ratio of 18.87 and a beta of 0.73.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $93.63 million for the quarter, compared to analyst estimates of $92.90 million. During the same period in the prior year, the company earned $0.88 EPS. As a group, analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

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

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.