Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock Position Raised by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 27.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 96,617 shares of the bank's stock after acquiring an additional 20,555 shares during the quarter. First Trust Advisors LP owned about 0.33% of Stock Yards Bancorp worth $6,919,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SYBT. Baron Silver Stevens Financial Advisors LLC bought a new position in Stock Yards Bancorp in the 4th quarter valued at about $749,000. Barclays PLC lifted its stake in shares of Stock Yards Bancorp by 137.8% in the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank's stock worth $2,840,000 after acquiring an additional 26,537 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Stock Yards Bancorp by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank's stock valued at $1,390,000 after acquiring an additional 1,360 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Stock Yards Bancorp during the fourth quarter valued at approximately $1,193,000. Finally, SG Americas Securities LLC bought a new stake in Stock Yards Bancorp during the fourth quarter worth approximately $453,000. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Trading Up 1.5 %

Shares of Stock Yards Bancorp stock traded up $1.08 on Friday, reaching $74.41. 90,663 shares of the company were exchanged, compared to its average volume of 126,385. Stock Yards Bancorp, Inc. has a fifty-two week low of $44.36 and a fifty-two week high of $79.79. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.13 and a beta of 0.77. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $69.16 and a 200-day moving average price of $71.56.

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

Stock Yards Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp's dividend payout ratio is 29.95%.

Insiders Place Their Bets

In other news, Director David P. Heintzman sold 1,581 shares of the company's stock in a transaction dated Monday, April 28th. The stock was 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 in the company, valued at $6,073,180. This represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

SYBT has been the subject of a number of research reports. 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. Stephens boosted 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th.

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.