XTX Topco Ltd Acquires Shares of 5,800 Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

XTX Topco Ltd acquired a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,800 shares of the bank's stock, valued at approximately $415,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Stock Yards Bancorp by 120.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank's stock valued at $76,953,000 after purchasing an additional 586,550 shares during the period. Norges Bank purchased a new stake in shares of Stock Yards Bancorp during the fourth quarter worth $5,761,000. Barclays PLC grew its position in shares of Stock Yards Bancorp by 137.8% in the third quarter. Barclays PLC now owns 45,801 shares of the bank's stock valued at $2,840,000 after purchasing an additional 26,537 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Stock Yards Bancorp by 471.1% during the 4th quarter. Kennedy Capital Management LLC now owns 28,556 shares of the bank's stock valued at $2,045,000 after purchasing an additional 23,556 shares during the period. Finally, Martin Worley Group purchased a new stake in Stock Yards Bancorp during the 4th quarter worth about $1,660,000. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Price Performance

NASDAQ:SYBT traded down $2.06 during midday trading on Friday, hitting $74.67. The company had a trading volume of 187,741 shares, compared to its average volume of 125,961. The stock's fifty day moving average price is $69.15 and its 200-day moving average price is $71.09. Stock Yards Bancorp, Inc. has a 52-week low of $44.32 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 $2.20 billion, a PE ratio of 19.20 and a beta of 0.77.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.00 by $0.13. The firm had revenue of $93.63 million for the quarter, compared to analyst estimates of $92.90 million. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period in the prior year, the company earned $0.88 EPS. As a group, research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, March 17th. Stock Yards Bancorp's dividend payout ratio is currently 31.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Piper Sandler set a $81.00 price objective on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a research report on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, Stephens lifted their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday.

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.