Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Shares Sold by RPS Advisory Solutions LLC

RPS Advisory Solutions LLC lowered its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,091 shares of the bank’s stock after selling 4,723 shares during the quarter. RPS Advisory Solutions LLC’s holdings in Stock Yards Bancorp were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Handelsbanken Fonder AB bought a new stake in shares of Stock Yards Bancorp during the fourth quarter valued at about $380,000. Allworth Financial LP grew its position in Stock Yards Bancorp by 126.2% in the 4th quarter. Allworth Financial LP now owns 846 shares of the bank’s stock valued at $63,000 after buying an additional 472 shares in the last quarter. Principal Securities Inc. increased its stake in Stock Yards Bancorp by 115.6% during the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock valued at $35,000 after buying an additional 260 shares during the period. Rhumbline Advisers raised its position in shares of Stock Yards Bancorp by 0.7% during the 4th quarter. Rhumbline Advisers now owns 41,385 shares of the bank’s stock worth $2,964,000 after buying an additional 307 shares in the last quarter. Finally, Kentucky Trust Co acquired a new stake in shares of Stock Yards Bancorp in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

Insider Transactions at Stock Yards Bancorp

In related news, Director David P. Heintzman sold 3,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $78.10, for a total transaction of $273,350.00. Following the transaction, the director now directly owns 21,411 shares in the company, valued at $1,672,199.10. The trade was a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.90% of the company’s stock.

Stock Yards Bancorp Stock Down 0.8 %

Shares of Stock Yards Bancorp stock opened at $74.80 on Friday. The stock has a 50-day simple moving average of $73.40 and a 200-day simple moving average of $67.96. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week high of $79.79. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 19.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.07 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $0.82 EPS. On average, equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.66%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 31.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SYBT shares. Piper Sandler lifted their price target on Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Hovde Group lowered Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $67.00 to $68.00 in a report on Thursday, October 24th. Finally, Stephens downgraded shares of Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $70.00 to $76.00 in a report on Friday, November 15th.

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.