Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) by 45.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,056 shares of the bank's stock after selling 25,670 shares during the period. Marshall Wace LLP owned approximately 0.11% of Stock Yards Bancorp worth $1,543,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. RMB Capital Management LLC raised its holdings in Stock Yards Bancorp by 49.7% during the fourth quarter. RMB Capital Management LLC now owns 223,236 shares of the bank's stock worth $11,494,000 after purchasing an additional 74,132 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Stock Yards Bancorp by 1.9% during the 4th 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 in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Stock Yards Bancorp by 34.1% in the 1st quarter. Independence Bank of Kentucky now owns 14,172 shares of the bank's stock valued at $693,000 after buying an additional 3,603 shares during the period. Chatham Capital Group Inc. boosted its stake in shares of Stock Yards Bancorp by 11.6% in the first quarter. Chatham Capital Group Inc. now owns 30,277 shares of the bank's stock valued at $1,481,000 after buying an additional 3,140 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in Stock Yards Bancorp by 34.3% during the first quarter. Diversified Trust Co now owns 9,910 shares of the bank's stock worth $485,000 after acquiring an additional 2,530 shares during the period. Institutional investors and hedge funds own 56.46% of the company's stock.

Insider Activity at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director David P. Heintzman sold 2,700 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $63.07, for a total transaction of $170,289.00. Following the transaction, the director now owns 29,786 shares of the company's stock, valued at $1,878,603.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Stock Yards Bancorp news, Director Richard A. Lechleiter acquired 650 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $56.40 per share, for a total transaction of $36,660.00. Following the completion of the purchase, the director now directly owns 5,680 shares in the company, valued at $320,352. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David P. Heintzman sold 2,700 shares of the 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 completion of the sale, the director now owns 29,786 shares of the company's stock, valued at approximately $1,878,603.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,457 shares of company stock worth $1,335,466. 3.90% of the stock is owned by company insiders.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock traded up $1.15 during midday trading on Friday, reaching $59.37. 194,896 shares of the company were exchanged, compared to its average volume of 196,394. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.92. The firm's 50-day simple moving average is $59.08 and its 200-day simple moving average is $52.06. Stock Yards Bancorp, Inc. has a 1 year low of $36.93 and a 1 year high of $65.00.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.10. Stock Yards Bancorp had a return on equity of 12.18% and a net margin of 21.99%. The company had revenue of $123.96 million for the quarter, compared to analyst estimates of $83.90 million. On average, analysts anticipate that Stock Yards Bancorp, Inc. will post 3.69 EPS for the current year.

Stock Yards Bancorp Increases Dividend

The business also recently announced 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 was Monday, September 16th. This is a boost from Stock Yards Bancorp's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 2.09%. Stock Yards Bancorp's dividend payout ratio (DPR) is currently 34.83%.

Wall Street Analysts Forecast Growth

SYBT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $64.00 price target (up from $54.00) on shares of Stock Yards Bancorp in a research note on Thursday, July 25th. Stephens upped their target price on shares of Stock Yards Bancorp from $60.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Hovde Group lifted their price target on shares of Stock Yards Bancorp from $53.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. Finally, Piper Sandler reissued a "neutral" rating and set a $65.50 price target on shares of Stock Yards Bancorp in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $65.88.

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.