Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Acquired by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. lifted its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,095 shares of the bank’s stock after buying an additional 1,375 shares during the quarter. Stock Yards Bancorp makes up 3.9% of Rosenthal Henry Capital Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Rosenthal Henry Capital Advisors Inc.’s holdings in Stock Yards Bancorp were worth $3,911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SYBT. American Century Companies Inc. boosted its holdings in shares of Stock Yards Bancorp by 163.4% in the 2nd quarter. American Century Companies Inc. now owns 142,455 shares of the bank’s stock valued at $7,076,000 after buying an additional 88,364 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Stock Yards Bancorp by 4.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,168,256 shares of the bank’s stock valued at $57,139,000 after purchasing an additional 50,730 shares during the last quarter. Creative Planning grew its stake in Stock Yards Bancorp by 534.3% during the 2nd quarter. Creative Planning now owns 43,057 shares of the bank’s stock worth $2,139,000 after buying an additional 36,269 shares during the last quarter. Vanguard Group Inc. increased its position in Stock Yards Bancorp by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,786,710 shares of the bank’s stock worth $91,998,000 after buying an additional 33,906 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of Stock Yards Bancorp by 17.3% in the second quarter. Deprince Race & Zollo Inc. now owns 192,099 shares of the bank’s stock valued at $9,542,000 after acquiring an additional 28,400 shares during the period. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

NASDAQ SYBT traded up $0.03 on Friday, hitting $64.51. 150,362 shares of the company’s stock were exchanged, compared to its average volume of 183,655. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 17.72 and a beta of 0.81. The firm’s 50-day moving average price is $61.90 and its two-hundred day moving average price is $54.54. Stock Yards Bancorp, Inc. has a fifty-two week low of $39.37 and a fifty-two week high of $67.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.92 and a quick ratio of 0.92.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. The firm had revenue of $130.52 million during the quarter, compared to the consensus estimate of $87.57 million. Stock Yards Bancorp had a return on equity of 12.20% and a net margin of 21.62%. On average, research analysts expect that Stock Yards Bancorp, Inc. will post 3.74 EPS for the current year.

Stock Yards Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.92%. Stock Yards Bancorp’s payout ratio is currently 34.07%.

Analyst Upgrades and Downgrades

SYBT has been the subject of a number of recent research reports. Piper Sandler increased their price target on shares of Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $64.00 target price (up previously from $54.00) on shares of Stock Yards Bancorp in a research note on Thursday, July 25th. Stephens boosted their price target on Stock Yards Bancorp from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Hovde Group cut Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $67.00 to $68.00 in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stock Yards Bancorp has a consensus rating of “Hold” and a consensus target price of $67.75.

Insider Activity at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director Richard A. Lechleiter purchased 650 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $56.40 per share, for a total transaction of $36,660.00. Following the completion of the transaction, the director now directly owns 5,680 shares of the company’s stock, valued at $320,352. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Richard A. Lechleiter acquired 650 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $56.40 per share, with a total value of $36,660.00. Following the completion of the purchase, the director now directly owns 5,680 shares in the company, valued at approximately $320,352. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Heintzman sold 2,341 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $66.05, for a total transaction of $154,623.05. Following the completion of the transaction, the director now owns 97,070 shares in the company, valued at approximately $6,411,473.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,700 shares of company stock valued at $830,253. Insiders own 3.90% 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.