First Trust Advisors LP Acquires 20,555 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

First Trust Advisors LP boosted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 27.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 0.33% of Stock Yards Bancorp worth $6,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Baron Silver Stevens Financial Advisors LLC purchased a new position in shares of Stock Yards Bancorp during the fourth quarter valued at approximately $749,000. Barclays PLC boosted its position in shares of Stock Yards Bancorp by 137.8% during the third quarter. Barclays PLC now owns 45,801 shares of the bank's stock valued at $2,840,000 after purchasing an additional 26,537 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Stock Yards Bancorp by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank's stock worth $1,390,000 after purchasing an additional 1,360 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Stock Yards Bancorp during the 4th quarter valued at $1,193,000. Finally, SG Americas Securities LLC purchased a new position in Stock Yards Bancorp during the 4th quarter valued at about $453,000. Hedge funds and other institutional investors own 56.46% of the company's stock.

Wall Street Analyst Weigh In

SYBT has been the subject of a number of recent research reports. 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. Keefe, Bruyette & Woods decreased their target price on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Finally, Stephens boosted their price objective on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th.

Insider Transactions at Stock Yards Bancorp

In related news, Director David P. Heintzman sold 1,581 shares of the firm's stock in a transaction on 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 directly owns 82,070 shares of the company's stock, valued at approximately $6,073,180. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.40% of the company's stock.

Stock Yards Bancorp Stock Performance

Shares of SYBT stock traded down $0.35 during trading hours on Monday, reaching $74.07. The company had a trading volume of 6,494 shares, compared to its average volume of 126,284. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average price of $69.16 and a 200-day moving average price of $71.64. Stock Yards Bancorp, Inc. has a one year low of $44.36 and a one year high of $79.79. The firm has a market cap of $2.18 billion, a PE ratio of 19.09 and a beta of 0.77.

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

Stock Yards Bancorp Announces Dividend

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