Barlow Wealth Partners Inc. Acquires 1,069 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Barlow Wealth Partners Inc. raised its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,717 shares of the bank’s stock after acquiring an additional 1,069 shares during the quarter. Barlow Wealth Partners Inc. owned approximately 0.22% of Stock Yards Bancorp worth $3,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SYBT. Vanguard Group Inc. boosted its holdings in shares of Stock Yards Bancorp by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,786,710 shares of the bank’s stock valued at $91,998,000 after buying an additional 33,906 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its holdings in shares of Stock Yards Bancorp by 0.8% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 1,223,176 shares of the bank’s stock valued at $60,755,000 after buying an additional 9,573 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Stock Yards Bancorp by 4.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,168,256 shares of the bank’s stock valued at $57,139,000 after buying an additional 50,730 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stock Yards Bancorp by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 936,919 shares of the bank’s stock valued at $46,536,000 after buying an additional 24,856 shares during the last quarter. Finally, RMB Capital Management LLC boosted its holdings in shares of Stock Yards Bancorp by 49.7% in the 4th quarter. RMB Capital Management LLC now owns 223,236 shares of the bank’s stock valued at $11,494,000 after buying an additional 74,132 shares during the last quarter. 56.46% of the stock is owned by institutional investors.

Stock Yards Bancorp Stock Performance

Stock Yards Bancorp stock traded up $0.71 during mid-day trading on Wednesday, hitting $61.01. 5,612 shares of the company’s stock traded hands, compared to its average volume of 96,372. The firm has a 50 day simple moving average of $59.00 and a two-hundred day simple moving average of $52.30. Stock Yards Bancorp, Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $65.00. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 16.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.92 and a quick ratio of 0.92.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its 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 during the quarter, compared to the consensus estimate of $83.90 million. On average, research analysts expect that Stock Yards Bancorp, Inc. will post 3.69 EPS for the current fiscal 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 dividend of $0.31 per share. The ex-dividend date was Monday, September 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.30. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 34.83%.

Insider Transactions at Stock Yards Bancorp

In other news, Director David P. Heintzman sold 2,700 shares of Stock Yards Bancorp stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $63.07, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James A. Hillebrand sold 9,053 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $61.99, for a total value of $561,195.47. Following the transaction, the chief executive officer now owns 105,450 shares in the company, valued at approximately $6,536,845.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $63.07, for a total value of $170,289.00. Following the completion of the transaction, the director now owns 29,786 shares in the company, valued at $1,878,603.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,457 shares of company stock valued at $1,335,466. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYBT has been the subject of several recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $65.50 price objective on shares of Stock Yards Bancorp in a report on Tuesday, September 10th. Stephens increased their price objective on Stock Yards Bancorp from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $64.00 price target (up previously from $54.00) on shares of Stock Yards Bancorp in a report on Thursday, July 25th. Finally, Hovde Group raised their price target on Stock Yards Bancorp from $53.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Stock Yards Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target 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.