10,463 Shares in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Acquired by Baron Silver Stevens Financial Advisors LLC

Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,463 shares of the bank’s stock, valued at approximately $749,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Stock Yards Bancorp by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 936,919 shares of the bank’s stock valued at $46,536,000 after purchasing an additional 24,856 shares during the period. Barclays PLC raised its stake in Stock Yards Bancorp by 137.8% during the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank’s stock valued at $2,840,000 after buying an additional 26,537 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Stock Yards Bancorp during the 3rd quarter valued at $9,082,000. Victory Capital Management Inc. purchased a new position in shares of Stock Yards Bancorp in the 3rd quarter worth $30,255,000. Finally, Curi RMB Capital LLC grew its holdings in shares of Stock Yards Bancorp by 3.9% in the third quarter. Curi RMB Capital LLC now owns 250,369 shares of the bank’s stock worth $15,520,000 after acquiring an additional 9,291 shares during the period. Institutional investors own 56.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stephens downgraded Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $70.00 to $76.00 in a report on Friday, November 15th. Hovde Group downgraded shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $67.00 to $68.00 in a report on Thursday, October 24th. Finally, Piper Sandler upped their target price on shares of Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Stock Yards Bancorp Stock Up 0.4 %

NASDAQ SYBT opened at $74.06 on Thursday. Stock Yards Bancorp, Inc. has a 52 week low of $42.35 and a 52 week 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 company has a market capitalization of $2.18 billion, a P/E ratio of 20.35 and a beta of 0.86. The stock’s 50-day moving average price is $73.82 and its 200-day moving average price is $65.37.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.00%. During the same quarter in the previous year, the business posted $0.82 EPS. On average, equities research analysts predict that Stock Yards Bancorp, Inc. will post 3.8 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, December 16th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 34.07%.

Insiders Place Their Bets

In related news, President Philip Poindexter sold 3,419 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $75.55, for a total transaction of $258,305.45. Following the completion of the transaction, the president now directly owns 51,331 shares of the company’s stock, valued at approximately $3,878,057.05. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David P. Heintzman sold 2,341 shares of Stock Yards Bancorp stock in a transaction on 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 sale, the director now owns 97,070 shares in the company, valued at approximately $6,411,473.50. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,614 shares of company stock worth $2,347,890. Corporate insiders own 3.90% 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.