Bank of America Corp DE raised its stake in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 5.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,490 shares of the bank’s stock after buying an additional 420 shares during the period. Bank of America Corp DE’s holdings in Stock Yards Bancorp were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in Stock Yards Bancorp during the first quarter valued at $159,000. SG Americas Securities LLC purchased a new stake in Stock Yards Bancorp during the first quarter valued at $194,000. Schroder Investment Management Group raised its stake in Stock Yards Bancorp by 32.7% in the first quarter. Schroder Investment Management Group now owns 5,386 shares of the bank’s stock valued at $222,000 after buying an additional 1,327 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Stock Yards Bancorp by 0.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,502 shares of the bank’s stock valued at $224,000 after buying an additional 15 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Stock Yards Bancorp during the first quarter valued at $228,000. 48.13% of the stock is currently owned by hedge funds and other institutional investors.

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) remained flat at $34.90 during midday trading on Thursday. The company’s stock had a trading volume of 10,727 shares. The stock has a market cap of $790.80 million, a P/E ratio of 18.97 and a beta of 0.66. The company has a 50-day moving average price of $36.17 and a 200 day moving average price of $39.35. Stock Yards Bancorp, Inc. has a 1-year low of $30.26 and a 1-year high of $48.05.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.11%. The company had revenue of $36.91 million for the quarter, compared to analysts’ expectations of $37.06 million. On average, equities analysts predict that Stock Yards Bancorp, Inc. will post $1.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, September 8th. Stock Yards Bancorp’s dividend payout ratio is currently 43.24%.

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SYBT has been the topic of several research reports. Hilliard Lyons upgraded Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Thursday, May 25th. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, BidaskClub lowered Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.

In other news, insider Kathy C. Thompson sold 1,816 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.20, for a total transaction of $63,923.20. Following the sale, the insider now owns 40,161 shares of the company’s stock, valued at $1,413,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David P. Heintzman sold 2,541 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $39.35, for a total value of $99,988.35. Following the sale, the chief executive officer now directly owns 169,309 shares in the company, valued at approximately $6,662,309.15. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 295 shares of company stock worth $10,697 and have sold 9,378 shares worth $352,461. 6.20% of the stock is currently owned by corporate insiders.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.

Institutional Ownership by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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