3,203 Shares in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,203 shares of the bank’s stock, valued at approximately $165,000.

A number of other large investors also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC raised its position in Stock Yards Bancorp by 2.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,542 shares of the bank’s stock worth $445,000 after purchasing an additional 156 shares during the period. Meridian Wealth Management LLC raised its position in Stock Yards Bancorp by 3.4% in the 4th quarter. Meridian Wealth Management LLC now owns 6,892 shares of the bank’s stock worth $448,000 after purchasing an additional 229 shares during the period. Guggenheim Capital LLC raised its position in Stock Yards Bancorp by 1.7% in the 1st quarter. Guggenheim Capital LLC now owns 14,835 shares of the bank’s stock worth $785,000 after purchasing an additional 247 shares during the period. FMR LLC raised its position in Stock Yards Bancorp by 19.7% in the 2nd quarter. FMR LLC now owns 1,588 shares of the bank’s stock worth $95,000 after purchasing an additional 261 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Stock Yards Bancorp by 7.3% in the 4th quarter. Teacher Retirement System of Texas now owns 4,500 shares of the bank’s stock worth $292,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SYBT. Hovde Group began coverage on shares of Stock Yards Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating on the stock. Piper Sandler began coverage on shares of Stock Yards Bancorp in a report on Wednesday, March 6th. They issued a “neutral” rating and a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.00.

Stock Yards Bancorp Price Performance

Shares of Stock Yards Bancorp stock opened at $43.87 on Tuesday. The firm has a market cap of $1.29 billion, a PE ratio of 11.95 and a beta of 0.81. Stock Yards Bancorp, Inc. has a 12-month low of $36.93 and a 12-month high of $53.15. 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 company’s fifty day simple moving average is $45.95 and its two-hundred day simple moving average is $45.97.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). The firm had revenue of $119.66 million during the quarter, compared to the consensus estimate of $82.60 million. Stock Yards Bancorp had a return on equity of 13.20% and a net margin of 24.54%. As a group, equities analysts expect that Stock Yards Bancorp, Inc. will post 3.37 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, March 15th. Stock Yards Bancorp’s payout ratio is 32.70%.

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.