Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 274,295 shares of the bank's stock after acquiring an additional 31,529 shares during the quarter. Northern Trust Corp owned about 0.93% of Stock Yards Bancorp worth $19,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC boosted its holdings in Stock Yards Bancorp by 137.8% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in Stock Yards Bancorp by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank's stock valued at $1,390,000 after purchasing an additional 1,360 shares during the last quarter. SG Americas Securities LLC acquired a new position in Stock Yards Bancorp in the 4th quarter valued at about $453,000. Baron Silver Stevens Financial Advisors LLC acquired a new position in Stock Yards Bancorp in the 4th quarter valued at about $749,000. Finally, Firethorn Wealth Partners LLC boosted its holdings in Stock Yards Bancorp by 0.9% in the 4th quarter. Firethorn Wealth Partners LLC now owns 14,633 shares of the bank's stock valued at $1,048,000 after purchasing an additional 136 shares during the last quarter. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stock Yards Bancorp news, Director David P. Heintzman sold 1,581 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $74.00, for a total transaction of $116,994.00. Following the sale, the director now directly owns 82,070 shares in the company, valued at $6,073,180. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laura L. Wells sold 1,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the sale, the director now owns 18,954 shares in the company, valued at $1,459,458. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,000 shares of company stock worth $449,427 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on SYBT. StockNews.com upgraded shares of Stock Yards Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a report on Thursday, April 24th. Stephens boosted their target price on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Finally, 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 on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Stock Yards Bancorp presently has an average rating of "Hold" and an average target price of $77.25.

Stock Yards Bancorp Trading Up 0.3%

Shares of NASDAQ:SYBT traded up $0.21 during mid-day trading on Monday, reaching $76.50. 84,532 shares of the company were exchanged, compared to its average volume of 128,428. 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 firm has a market cap of $2.25 billion, a price-to-earnings ratio of 19.67 and a beta of 0.73. The firm's 50-day simple moving average is $70.41 and its 200 day simple moving average is $72.44. Stock Yards Bancorp, Inc. has a 1 year low of $44.36 and a 1 year high of $79.85.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.13. The company had revenue of $93.63 million for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.88 EPS. Equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.62%. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 29.95%.

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.