Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 38.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,070 shares of the bank's stock after buying an additional 36,114 shares during the period. Aptus Capital Advisors LLC owned approximately 0.45% of Stock Yards Bancorp worth $9,386,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd raised its position in Stock Yards Bancorp by 164.5% during the 4th quarter. Covestor Ltd now owns 373 shares of the bank's stock worth $27,000 after buying an additional 232 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Stock Yards Bancorp by 1,077.5% in the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank's stock valued at $34,000 after acquiring an additional 431 shares during the period. Principal Securities Inc. increased its stake in shares of Stock Yards Bancorp by 115.6% during the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock worth $35,000 after purchasing an additional 260 shares in the last quarter. Kentucky Trust Co purchased a new stake in Stock Yards Bancorp during the 4th quarter worth approximately $44,000. Finally, Sterling Capital Management LLC lifted its holdings in Stock Yards Bancorp by 806.7% in the 4th quarter. Sterling Capital Management LLC now owns 807 shares of the bank's stock valued at $58,000 after purchasing an additional 718 shares in the last quarter. 56.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. 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. Piper Sandler set a $81.00 price objective on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target 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.

Stock Yards Bancorp Stock Down 0.6 %

Stock Yards Bancorp stock traded down $0.45 during mid-day trading on Tuesday, hitting $73.08. The company had a trading volume of 104,180 shares, compared to its average volume of 126,724. The business has a fifty day moving average of $69.26 and a 200 day moving average of $71.70. Stock Yards Bancorp, Inc. has a 1 year low of $44.36 and a 1 year high of $79.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 18.79 and a beta of 0.73.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.13. The firm had revenue of $93.63 million during the quarter, compared to analysts' expectations 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 in the prior year, the firm earned $0.88 EPS. On average, sell-side analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.31 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.70%. Stock Yards Bancorp's dividend payout ratio is presently 29.95%.

Insider Activity

In other news, Director David P. Heintzman sold 3,419 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $74.71, for a total transaction of $255,433.49. Following the completion of the sale, the director now owns 83,651 shares in the company, valued at $6,249,566.21. This represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.40% of the company's stock.

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.