Barlow Wealth Partners Inc. Buys Shares of 62,648 Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Barlow Wealth Partners Inc. purchased a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 62,648 shares of the bank’s stock, valued at approximately $3,226,000. Barlow Wealth Partners Inc. owned approximately 0.21% of Stock Yards Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its stake in Stock Yards Bancorp by 30.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 128,462 shares of the bank’s stock worth $6,615,000 after purchasing an additional 30,316 shares during the last quarter. Mariner LLC purchased a new stake in Stock Yards Bancorp in the third quarter worth approximately $1,048,000. Amica Mutual Insurance Co. purchased a new stake in Stock Yards Bancorp in the fourth quarter worth approximately $1,228,000. UBS Group AG grew its position in Stock Yards Bancorp by 70.4% during the third quarter. UBS Group AG now owns 51,213 shares of the bank’s stock valued at $2,012,000 after acquiring an additional 21,153 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Stock Yards Bancorp by 145.2% during the third quarter. Trexquant Investment LP now owns 24,251 shares of the bank’s stock worth $953,000 after acquiring an additional 14,360 shares in the last quarter. Institutional investors own 56.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SYBT shares. Piper Sandler started coverage on Stock Yards Bancorp in a research note on Wednesday, March 6th. They set a “neutral” rating and a $52.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 target price (up from $53.00) on shares of Stock Yards Bancorp in a report on Thursday, April 25th. Finally, Hovde Group began coverage on Stock Yards Bancorp in a research report on Monday, March 4th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stock Yards Bancorp presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Stock Yards Bancorp Trading Up 1.5 %

SYBT traded up $0.70 during trading hours on Wednesday, reaching $47.34. 40,786 shares of the company’s stock traded hands, compared to its average volume of 77,871. The firm has a 50-day moving average price of $45.60 and a 200 day moving average price of $46.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.10 and a beta of 0.83. Stock Yards Bancorp, Inc. has a 52-week low of $36.93 and a 52-week high of $53.15.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Friday, March 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 33.71%.

Insider Buying and Selling

In related news, Director David P. Heintzman sold 3,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $47.05, for a total transaction of $141,150.00. Following the sale, the director now directly owns 113,070 shares of the company’s stock, valued at $5,319,943.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is currently owned by corporate insiders.

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.