Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,035,913 shares of the bank's stock after selling 89,176 shares during the quarter. Stock Yards Bancorp comprises about 2.5% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 9th largest position. Stock Yards Bank & Trust Co. owned approximately 3.52% of Stock Yards Bancorp worth $71,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its stake in Stock Yards Bancorp by 57.7% in the 1st quarter. SG Americas Securities LLC now owns 9,978 shares of the bank's stock valued at $689,000 after buying an additional 3,649 shares during the period. Chatham Capital Group Inc. boosted its holdings in shares of Stock Yards Bancorp by 2.5% in the first quarter. Chatham Capital Group Inc. now owns 45,335 shares of the bank's stock valued at $3,131,000 after acquiring an additional 1,095 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Stock Yards Bancorp by 7,142.2% during the first quarter. GAMMA Investing LLC now owns 22,306 shares of the bank's stock worth $1,540,000 after acquiring an additional 21,998 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Stock Yards Bancorp by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,885 shares of the bank's stock worth $2,928,000 after purchasing an additional 3,099 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Stock Yards Bancorp during the fourth quarter worth about $329,000. Institutional investors and hedge funds own 56.46% of the company's stock.

Insider Buying and Selling

In related news, EVP Michael Croce sold 4,100 shares of Stock Yards Bancorp stock in a transaction that occurred on 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 now directly owns 24,600 shares in the company, valued at $1,895,676. The trade was a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David P. Heintzman sold 3,419 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $74.71, for a total value of $255,433.49. Following the transaction, the director now directly owns 83,651 shares of the company's stock, valued at $6,249,566.21. The trade was a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,100 shares of company stock worth $1,077,373 in the last three months. Corporate insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SYBT shares. Stephens lifted their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Piper Sandler set a $81.00 price target on Stock Yards Bancorp and gave the company a "neutral" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded Stock Yards Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Stock Yards Bancorp presently has an average rating of "Hold" and an average price target of $77.25.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock traded down $0.37 during mid-day trading on Tuesday, reaching $73.40. The company had a trading volume of 90,436 shares, compared to its average volume of 131,567. The stock's 50-day simple moving average is $73.08 and its 200-day simple moving average is $72.49. Stock Yards Bancorp, Inc. has a 1 year low of $46.59 and a 1 year high of $79.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $2.16 billion, a P/E ratio of 18.87 and a beta of 0.72.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.13. The firm had revenue of $93.63 million during the quarter, compared to the consensus estimate of $92.90 million. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period last year, the business posted $0.88 EPS. On average, equities analysts predict that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, June 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 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.