Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,541 shares of the bank’s stock after selling 931 shares during the quarter. Avior Wealth Management LLC’s holdings in Stock Yards Bancorp were worth $826,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 24,856 shares in the last quarter. State Street Corp grew its position in Stock Yards Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock valued at $48,506,000 after acquiring an additional 15,156 shares in the last quarter. Geode Capital Management LLC grew its position in Stock Yards Bancorp by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 636,744 shares of the bank’s stock valued at $39,480,000 after acquiring an additional 5,391 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Stock Yards Bancorp in the 3rd quarter valued at about $30,255,000. Finally, Curi RMB Capital LLC grew its position in Stock Yards Bancorp by 3.9% in the 3rd quarter. Curi RMB Capital LLC now owns 250,369 shares of the bank’s stock valued at $15,520,000 after acquiring an additional 9,291 shares in the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Performance

Shares of SYBT opened at $75.00 on Friday. The stock has a 50 day moving average price of $73.85 and a 200 day moving average price of $65.62. 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 $2.21 billion, a price-to-earnings ratio of 19.28 and a beta of 0.86. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share (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 business earned $0.82 earnings per share. Research analysts predict that Stock Yards Bancorp, Inc. will post 4.03 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, December 16th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 31.88%.

Insider Activity at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director David P. Heintzman sold 2,341 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $66.05, for a total value of $154,623.05. Following the completion of the sale, the director now owns 97,070 shares in the company, valued at approximately $6,411,473.50. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Philip Poindexter sold 3,419 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $75.55, for a total value of $258,305.45. Following the completion of the sale, the president now owns 51,331 shares of the company’s stock, valued at approximately $3,878,057.05. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,955 shares of company stock valued at $1,842,549 over the last three months. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SYBT. Piper Sandler boosted their price objective on Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stephens downgraded Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $70.00 to $76.00 in a research report on Friday, November 15th. Finally, Hovde Group downgraded Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $67.00 to $68.00 in a research report on Thursday, October 24th.

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.