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

Rosenthal Henry Capital Advisors Inc. decreased its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 60,012 shares of the bank's stock after selling 3,083 shares during the period. Stock Yards Bancorp makes up approximately 4.2% of Rosenthal Henry Capital Advisors Inc.'s investment portfolio, making the stock its 3rd largest holding. Rosenthal Henry Capital Advisors Inc. owned 0.20% of Stock Yards Bancorp worth $4,144,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Covestor Ltd boosted its position in Stock Yards Bancorp by 164.5% in the fourth quarter. Covestor Ltd now owns 373 shares of the bank's stock valued at $27,000 after buying an additional 232 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Stock Yards Bancorp by 1,077.5% in the fourth quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after buying an additional 431 shares during the last quarter. Sterling Capital Management LLC boosted its position in 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 buying an additional 718 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Stock Yards Bancorp by 18.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,537 shares of the bank's stock valued at $110,000 after buying an additional 234 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Stock Yards Bancorp in the first quarter valued at approximately $114,000. Hedge funds and other institutional investors own 56.46% of the company's stock.

Stock Yards Bancorp Price Performance

Shares of SYBT stock traded down $0.64 during trading hours on Tuesday, hitting $81.48. 170,754 shares of the company's stock were exchanged, compared to its average volume of 133,378. The firm has a 50 day moving average of $75.85 and a two-hundred day moving average of $72.69. Stock Yards Bancorp, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $83.67. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.40 billion, a P/E ratio of 19.68 and a beta of 0.72.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 13.02% and a net margin of 23.34%. The firm had revenue of $93.63 million during the quarter, compared to the consensus estimate of $92.90 million. During the same period in the prior year, the company earned $0.88 EPS. Sell-side analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Monday, June 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 29.95%.

Wall Street Analysts Forecast Growth

SYBT has been the topic of several recent research reports. Wall Street Zen lowered Stock Yards Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods lowered their price objective on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Stephens upped their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, Piper Sandler set a $81.00 price objective on Stock Yards Bancorp and gave the stock a "neutral" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $77.25.

Insider Buying and Selling

In related news, EVP Michael Croce sold 4,100 shares of the firm'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 transaction, the executive vice president directly owned 24,600 shares in the company, valued at $1,895,676. This trade represents a 14.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William Dishman sold 2,802 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $78.10, for a total value of $218,836.20. Following the transaction, the executive vice president owned 31,594 shares of the company's stock, valued at $2,467,491.40. This trade represents a 8.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,902 shares of company stock valued at $1,296,210 over the last 90 days. Insiders own 3.40% of the company's stock.

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.