Aptus Capital Advisors LLC Purchases 17,469 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Aptus Capital Advisors LLC lifted its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 22.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,956 shares of the bank's stock after purchasing an additional 17,469 shares during the quarter. Aptus Capital Advisors LLC owned about 0.32% of Stock Yards Bancorp worth $5,886,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky grew its stake in Stock Yards Bancorp by 1.4% in the 2nd quarter. Independence Bank of Kentucky now owns 14,374 shares of the bank's stock worth $714,000 after buying an additional 202 shares in the last quarter. Diversified Trust Co grew its position in Stock Yards Bancorp by 2.3% in the second quarter. Diversified Trust Co now owns 10,141 shares of the bank's stock worth $504,000 after acquiring an additional 231 shares in the last quarter. ProShare Advisors LLC increased its stake in 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 acquiring an additional 384 shares during the last quarter. Point72 Asset Management L.P. raised its position in Stock Yards Bancorp by 10.3% during the second quarter. Point72 Asset Management L.P. now owns 5,294 shares of the bank's stock valued at $263,000 after purchasing an additional 494 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Stock Yards Bancorp during the second quarter worth about $45,000. Institutional investors own 56.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $64.00 price objective (up from $54.00) on shares of Stock Yards Bancorp in a research report on Thursday, July 25th. Stephens lifted their price target on shares of Stock Yards Bancorp from $60.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Hovde Group cut shares of Stock Yards Bancorp from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $67.00 to $68.00 in a research note on Thursday, October 24th. Finally, Piper Sandler increased 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Stock Yards Bancorp has an average rating of "Hold" and an average price target of $67.75.

Insider Activity

In other news, Director David P. Heintzman sold 3,000 shares of Stock Yards Bancorp stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $74.59, for a total transaction of $223,770.00. Following the sale, the director now owns 30,150 shares of the company's stock, valued at approximately $2,248,888.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Stock Yards Bancorp news, Director David P. Heintzman sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $74.59, for a total value of $223,770.00. Following the completion of the transaction, the director now owns 30,150 shares in the company, valued at approximately $2,248,888.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David P. Heintzman sold 2,700 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $63.07, for a total value of $170,289.00. Following the transaction, the director now directly owns 29,786 shares of the company's stock, valued at $1,878,603.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,700 shares of company stock valued at $1,054,023. Company insiders own 3.90% of the company's stock.

Stock Yards Bancorp Trading Down 0.3 %

SYBT stock traded down $0.26 during midday trading on Wednesday, hitting $75.21. The company had a trading volume of 159,493 shares, compared to its average volume of 106,959. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 20.66 and a beta of 0.81. Stock Yards Bancorp, Inc. has a 52 week low of $42.35 and a 52 week high of $77.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock's 50 day moving average price is $63.89 and its 200 day moving average price is $56.14.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. The firm had revenue of $130.52 million for the quarter, compared to analysts' expectations of $87.57 million. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.00%. As a group, equities research analysts expect that Stock Yards Bancorp, Inc. will post 3.76 earnings per share for the current fiscal year.

Stock Yards Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a $0.31 dividend. This is a positive change from Stock Yards Bancorp's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, September 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is currently 34.07%.

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.