SG Americas Securities LLC Purchases Shares of 6,329 Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

SG Americas Securities LLC acquired a new position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,329 shares of the bank’s stock, valued at approximately $453,000.

Several other large investors also recently bought and sold shares of SYBT. FMR LLC increased its holdings 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 during the period. Point72 Asset Management L.P. increased its stake in Stock Yards Bancorp by 10.3% in 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Stock Yards Bancorp in the second quarter valued at about $45,000. Barlow Wealth Partners Inc. raised its holdings in shares of Stock Yards Bancorp by 1.7% in the third quarter. Barlow Wealth Partners Inc. now owns 63,717 shares of the bank’s stock valued at $3,805,000 after buying an additional 1,069 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Stock Yards Bancorp by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank’s stock worth $1,390,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 56.46% of the company’s stock.

Insider Activity

In other news, President Philip Poindexter sold 3,419 shares of Stock Yards Bancorp stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $75.55, for a total transaction of $258,305.45. Following the completion of the transaction, the president now owns 51,331 shares of the company’s stock, valued at $3,878,057.05. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Rehm sold 2,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $74.81, for a total transaction of $198,246.50. Following the completion of the sale, the executive vice president now directly owns 16,927 shares in the company, valued at approximately $1,266,308.87. The trade was a 13.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,614 shares of company stock worth $1,687,926. Company insiders own 3.90% of the company’s stock.

Stock Yards Bancorp Stock Performance

Shares of SYBT stock opened at $73.71 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. Stock Yards Bancorp, Inc. has a 12-month low of $42.35 and a 12-month high of $79.79. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 18.95 and a beta of 0.86. The stock has a 50 day simple moving average of $73.92 and a 200-day simple moving average of $66.55.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. 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 $0.82 earnings per share. On average, equities analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.68%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 31.88%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Hovde Group downgraded 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. Piper Sandler increased their price target on Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens cut shares of Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $70.00 to $76.00 in a research note on Friday, November 15th.

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.