Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 57.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,978 shares of the bank's stock after buying an additional 3,649 shares during the quarter. SG Americas Securities LLC's holdings in Stock Yards Bancorp were worth $689,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Covestor Ltd raised its holdings in shares of 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 buying an additional 232 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 431 shares during the period. Principal Securities Inc. raised its holdings in shares of Stock Yards Bancorp by 115.6% during the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank's stock valued at $35,000 after buying an additional 260 shares during the period. Sterling Capital Management LLC raised 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 buying an additional 718 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Stock Yards Bancorp by 126.2% during the 4th quarter. Allworth Financial LP now owns 846 shares of the bank's stock valued at $63,000 after buying an additional 472 shares during the period. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stock Yards Bancorp

In related news, Director Laura L. Wells sold 1,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at $1,459,458. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Heintzman sold 1,581 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $74.00, for a total value of $116,994.00. Following the transaction, the director now owns 82,070 shares of the company's stock, valued at $6,073,180. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,100 shares of company stock worth $1,077,373. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SYBT. Stephens raised their price objective 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. Keefe, Bruyette & Woods lowered their price objective on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Wall Street Zen lowered Stock Yards Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler set a $81.00 price objective on Stock Yards Bancorp and gave the company a "neutral" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $77.25.

Stock Yards Bancorp Stock Performance

Shares of SYBT traded up $0.10 during mid-day trading on Friday, hitting $74.14. The stock had a trading volume of 183,587 shares, compared to its average volume of 132,448. The company has a market cap of $2.18 billion, a PE ratio of 17.91 and a beta of 0.72. The company's fifty day simple moving average is $73.74 and its two-hundred day simple moving average is $72.43. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.34. Stock Yards Bancorp, Inc. has a fifty-two week low of $46.70 and a fifty-two week high of $79.85.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its 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. The company had revenue of $93.63 million during the quarter, compared to analyst estimates of $92.90 million. Stock Yards Bancorp had a return on equity of 13.02% and a net margin of 23.34%. During the same quarter last year, the firm earned $0.88 EPS. On average, equities analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.24 annualized dividend and a dividend yield of 1.67%. Stock Yards Bancorp's payout ratio is 29.95%.

Stock Yards Bancorp Company 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.