Baron Silver Stevens Financial Advisors LLC Takes $749,000 Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Baron Silver Stevens Financial Advisors LLC purchased a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,463 shares of the bank's stock, valued at approximately $749,000.

Several other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Stock Yards Bancorp during the second quarter worth $45,000. Quantbot Technologies LP increased its holdings in shares of Stock Yards Bancorp by 151.2% during the 3rd quarter. Quantbot Technologies LP now owns 2,271 shares of the bank's stock valued at $141,000 after acquiring an additional 1,367 shares during the last quarter. FMR LLC raised its stake in shares of Stock Yards Bancorp by 7.5% in the 3rd quarter. FMR LLC now owns 2,400 shares of the bank's stock valued at $149,000 after acquiring an additional 167 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in Stock Yards Bancorp in the 3rd quarter worth approximately $206,000. Finally, Independent Solutions Wealth Management LLC acquired a new stake in Stock Yards Bancorp in the 3rd quarter worth approximately $207,000. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Stephens downgraded Stock Yards Bancorp from an "overweight" rating to an "equal weight" rating and increased their price target 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 lifted their target price for the stock from $67.00 to $68.00 in a report on Thursday, October 24th. Finally, Piper Sandler upped their price target 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 Performance

Shares of SYBT stock traded up $0.07 during trading hours on Thursday, reaching $74.13. 148,566 shares of the company's stock were exchanged, compared to its average volume of 116,762. The business has a fifty day moving average price of $73.82 and a 200-day moving average price of $65.37. The stock has a market capitalization of $2.18 billion, a P/E ratio of 20.37 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Stock Yards Bancorp, Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share for the quarter, beating 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 period in the prior year, the firm posted $0.82 earnings per share. Analysts predict that Stock Yards Bancorp, Inc. will post 3.8 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

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

Insider Transactions at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director David P. Heintzman sold 2,341 shares of the firm'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 $6,411,473.50. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Rehm sold 2,650 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $74.81, for a total value of $198,246.50. Following the transaction, the executive vice president now owns 16,927 shares of the company's stock, valued at $1,266,308.87. This trade represents a 13.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,614 shares of company stock valued at $2,347,890. 3.90% of the stock is owned by corporate insiders.

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.