Rosenthal Henry Capital Advisors Inc. Sells 3,083 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Rosenthal Henry Capital Advisors Inc. cut its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,012 shares of the bank's stock after selling 3,083 shares during the period. Stock Yards Bancorp accounts for about 4.2% of Rosenthal Henry Capital Advisors Inc.'s portfolio, making the stock its 3rd largest position. Rosenthal Henry Capital Advisors Inc. owned about 0.20% of Stock Yards Bancorp worth $4,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. 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 lifted its stake in Stock Yards Bancorp by 1,077.5% during the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after acquiring an additional 431 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Stock Yards Bancorp by 806.7% during 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Stock Yards Bancorp by 18.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,537 shares of the bank's stock valued at $110,000 after purchasing an additional 234 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Stock Yards Bancorp during the 1st quarter valued at approximately $114,000. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Stock Yards Bancorp

In other news, Director David P. Heintzman sold 1,581 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $74.00, for a total transaction of $116,994.00. Following the completion of the sale, the director owned 82,070 shares of the company's stock, valued at $6,073,180. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Dishman sold 2,802 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $78.10, for a total transaction of $218,836.20. Following the sale, the executive vice president directly owned 31,594 shares of the company's stock, valued at $2,467,491.40. The trade was a 8.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,902 shares of company stock worth $1,296,210 over the last three months. 3.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stephens lifted their target price on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. 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 for the company in a report on Thursday, April 24th. Finally, Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a report on Thursday, April 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.com, the company has an average rating of "Hold" and an average target price of $77.25.

Stock Yards Bancorp Price Performance

NASDAQ SYBT traded down $1.06 on Friday, hitting $78.84. The company had a trading volume of 120,054 shares, compared to its average volume of 134,499. The company has a market capitalization of $2.32 billion, a PE ratio of 19.04 and a beta of 0.72. The company's fifty day moving average price is $76.38 and its 200-day moving average price is $72.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.94 and a quick ratio of 0.94. Stock Yards Bancorp, Inc. has a 12-month low of $51.86 and a 12-month high of $83.67.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.00 by $0.13. Stock Yards Bancorp had a net margin of 23.34% and a return on equity of 13.02%. The company had revenue of $93.63 million during the quarter, compared to analyst estimates of $92.90 million. During the same quarter in the previous year, the firm earned $0.88 EPS. As a group, analysts predict that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, June 16th. Stock Yards Bancorp's payout ratio is 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.