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

Aptus Capital Advisors LLC increased its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,070 shares of the bank's stock after buying an additional 36,114 shares during the period. Aptus Capital Advisors LLC owned 0.45% of Stock Yards Bancorp worth $9,386,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, Director David P. Heintzman sold 1,581 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $74.00, for a total value of $116,994.00. Following the sale, the director now directly owns 82,070 shares of the company's stock, valued at approximately $6,073,180. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.

Stock Yards Bancorp Trading Up 0.1 %

NASDAQ:SYBT traded up $0.08 during trading hours on Friday, hitting $75.93. The company had a trading volume of 37,115 shares, compared to its average volume of 126,933. Stock Yards Bancorp, Inc. has a 1 year low of $44.36 and a 1 year high of $79.79. The company has a market cap of $2.24 billion, a P/E ratio of 19.52 and a beta of 0.73. The company has a 50-day moving average of $69.31 and a 200 day moving average of $71.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its quarterly earnings data 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. Stock Yards Bancorp had a net margin of 22.54% and a return on equity of 12.71%. The firm had revenue of $93.63 million during the quarter, compared to analyst estimates of $92.90 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Sell-side analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp's payout ratio is presently 29.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SYBT. Piper Sandler set a $81.00 price target on Stock Yards Bancorp and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Stephens lifted their target price on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced 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 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.