3,525 Shares in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Bought by Ballentine Partners LLC

Ballentine Partners LLC bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,525 shares of the bank’s stock, valued at approximately $219,000.

Several other institutional investors have also recently bought and sold shares of SYBT. Point72 Asia Singapore Pte. Ltd. acquired a new position in Stock Yards Bancorp in the second quarter valued at about $45,000. Quantbot Technologies LP bought a new stake in shares of Stock Yards Bancorp during the first quarter worth approximately $195,000. Wesbanco Bank Inc. bought a new stake in Stock Yards Bancorp in the third quarter valued at approximately $206,000. ProShare Advisors LLC boosted its holdings in shares of Stock Yards Bancorp by 8.5% in the first quarter. ProShare Advisors LLC now owns 4,879 shares of the bank’s stock valued at $239,000 after buying an additional 384 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Stock Yards Bancorp by 10.3% in the second quarter. Point72 Asset Management L.P. now owns 5,294 shares of the bank’s stock valued at $263,000 after buying an additional 494 shares during the period. Institutional investors own 56.46% of the company’s stock.

Analysts Set New Price Targets

SYBT has been the subject of a number of research reports. Piper Sandler raised their target price 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. Stephens lifted their price target on shares of Stock Yards Bancorp from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $64.00 target price (up from $54.00) on shares of Stock Yards Bancorp in a report on Thursday, July 25th. Finally, Hovde Group downgraded shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $67.00 to $68.00 in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.75.

Stock Yards Bancorp Price Performance

Shares of NASDAQ:SYBT opened at $65.93 on Wednesday. Stock Yards Bancorp, Inc. has a twelve month low of $38.40 and a twelve month high of $67.12. The firm has a market capitalization of $1.94 billion, a PE ratio of 18.11 and a beta of 0.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $61.30 and a two-hundred day moving average price of $54.09.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.20%. The business had revenue of $130.52 million for the quarter, compared to the consensus estimate of $87.57 million. Equities analysts forecast that Stock Yards Bancorp, Inc. will post 3.75 EPS for the current year.

Stock Yards Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a $0.31 dividend. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, September 16th. This represents a $1.24 annualized dividend and a dividend yield of 1.88%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 34.07%.

Insider Activity at Stock Yards Bancorp

In other news, Director Richard A. Lechleiter acquired 650 shares of the stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $56.40 per share, with a total value of $36,660.00. Following the completion of the transaction, the director now owns 5,680 shares of the company’s stock, valued at $320,352. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Stock Yards Bancorp news, Director David P. Heintzman sold 7,659 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $65.98, for a total transaction of $505,340.82. Following the completion of the sale, the director now directly owns 99,411 shares in the company, valued at $6,559,137.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard A. Lechleiter purchased 650 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased 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 owns 5,680 shares in the company, valued at approximately $320,352. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 12,700 shares of company stock worth $830,253 over the last quarter. Corporate insiders own 3.90% of the company’s stock.

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.