GAMMA Investing LLC Has $1.54 Million Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

GAMMA Investing LLC boosted its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 7,142.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 22,306 shares of the bank's stock after acquiring an additional 21,998 shares during the period. GAMMA Investing LLC owned 0.08% of Stock Yards Bancorp worth $1,540,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Stock Yards Bancorp by 120.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank's stock worth $76,953,000 after acquiring an additional 586,550 shares during the period. Dimensional Fund Advisors LP grew its holdings in Stock Yards Bancorp by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 965,396 shares of the bank's stock worth $69,133,000 after acquiring an additional 24,011 shares during the period. American Century Companies Inc. boosted its position in shares of Stock Yards Bancorp by 2.1% during the fourth quarter. American Century Companies Inc. now owns 277,561 shares of the bank's stock worth $19,876,000 after purchasing an additional 5,661 shares in the last quarter. Northern Trust Corp boosted its position in shares of Stock Yards Bancorp by 13.0% during the fourth quarter. Northern Trust Corp now owns 274,295 shares of the bank's stock worth $19,642,000 after purchasing an additional 31,529 shares in the last quarter. Finally, Curi RMB Capital LLC boosted its position in shares of Stock Yards Bancorp by 1.1% during the fourth quarter. Curi RMB Capital LLC now owns 253,020 shares of the bank's stock worth $18,119,000 after purchasing an additional 2,651 shares in the last quarter. Institutional investors and hedge funds own 56.46% of the company's stock.

Stock Yards Bancorp Stock Up 0.9%

SYBT traded up $0.64 during trading on Wednesday, hitting $74.04. The company had a trading volume of 59,296 shares, compared to its average volume of 131,960. The company has a market capitalization of $2.18 billion, a PE ratio of 17.88 and a beta of 0.72. Stock Yards Bancorp, Inc. has a one year low of $46.70 and a one year high of $79.85. The firm's 50-day moving average price is $73.34 and its 200 day moving average price is $72.51. 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 (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. The business had revenue of $93.63 million for the quarter, compared to analysts' expectations of $92.90 million. Stock Yards Bancorp had a net margin of 23.34% and a return on equity of 13.02%. During the same period in the previous year, the firm posted $0.88 EPS. As a group, equities analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

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

Insider Activity at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director David P. Heintzman sold 1,581 shares of Stock Yards Bancorp stock in a transaction 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 sale, the director now directly owns 82,070 shares in the company, valued at approximately $6,073,180. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Croce sold 4,100 shares of Stock Yards Bancorp stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $77.06, for a total transaction of $315,946.00. Following the completion of the sale, the executive vice president now owns 24,600 shares in the company, valued at $1,895,676. The trade was a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,100 shares of company stock valued at $1,077,373. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SYBT. Stephens lifted their price target on shares of 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. Piper Sandler set a $81.00 price target on shares of Stock Yards Bancorp and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Wall Street Zen cut 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 reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Stock Yards Bancorp currently has an average rating of "Hold" and an average price target of $77.25.

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.