Stock Yards Bancorp (NASDAQ:SYBT) Trading Up 4.3%

Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) shares were up 4.3% on Friday . The company traded as high as $44.81 and last traded at $44.81. Approximately 41,288 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 77,014 shares. The stock had previously closed at $42.98.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SYBT shares. Hovde Group started coverage on Stock Yards Bancorp in a research note on Monday, March 4th. They issued an "outperform" rating on the stock. Piper Sandler started coverage on Stock Yards Bancorp in a research note on Wednesday, March 6th. They issued a "neutral" rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Stock Yards Bancorp currently has an average rating of "Hold" and an average price target of $48.00.

Stock Yards Bancorp Trading Up 5.4 %

The business has a 50 day moving average of $45.72 and a two-hundred day moving average of $46.00. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.33 billion, a P/E ratio of 12.34 and a beta of 0.81.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). The firm had revenue of $119.66 million for the quarter, compared to the consensus estimate of $82.60 million. Stock Yards Bancorp had a return on equity of 13.20% and a net margin of 24.54%. Analysts predict that Stock Yards Bancorp, Inc. will post 3.37 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.65%. The ex-dividend date was Friday, March 15th. Stock Yards Bancorp's payout ratio is 32.70%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in Stock Yards Bancorp by 34.3% during the 1st quarter. Diversified Trust Co now owns 9,910 shares of the bank's stock worth $485,000 after buying an additional 2,530 shares during the period. Chatham Capital Group Inc. grew its holdings in shares of Stock Yards Bancorp by 11.6% during the 1st quarter. Chatham Capital Group Inc. now owns 30,277 shares of the bank's stock worth $1,481,000 after purchasing an additional 3,140 shares in the last quarter. Independence Bank of Kentucky grew its holdings in shares of Stock Yards Bancorp by 34.1% during the 1st quarter. Independence Bank of Kentucky now owns 14,172 shares of the bank's stock worth $693,000 after purchasing an additional 3,603 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Stock Yards Bancorp by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,786,710 shares of the bank's stock worth $91,998,000 after purchasing an additional 33,906 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Stock Yards Bancorp by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the bank's stock worth $1,152,000 after purchasing an additional 706 shares in the last quarter. Institutional investors own 56.46% of the company's stock.

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.