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

Avior Wealth Management LLC lowered its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 7.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Stock Yards Bancorp in the 2nd quarter valued at $45,000. Quantbot Technologies LP grew its stake in Stock Yards Bancorp by 151.2% in the 3rd quarter. Quantbot Technologies LP now owns 2,271 shares of the bank’s stock valued at $141,000 after acquiring an additional 1,367 shares during the period. FMR LLC grew its stake in Stock Yards Bancorp by 7.5% in the 3rd quarter. FMR LLC now owns 2,400 shares of the bank’s stock valued at $149,000 after acquiring an additional 167 shares during the period. Wesbanco Bank Inc. acquired a new stake in Stock Yards Bancorp in the 3rd quarter valued at $206,000. Finally, Independent Solutions Wealth Management LLC acquired a new stake in Stock Yards Bancorp in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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 shares were sold at an average price of $78.10, for a total value of $273,350.00. Following the sale, the director now directly owns 21,411 shares in the company, valued at approximately $1,672,199.10. The trade was a 14.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Rehm sold 2,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $74.81, for a total transaction of $198,246.50. Following the completion of the sale, the executive vice president now owns 16,927 shares in the company, valued at approximately $1,266,308.87. This trade represents a 13.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,955 shares of company stock worth $1,842,549 in the last quarter. Company insiders own 3.90% of the company’s stock.

Stock Yards Bancorp Stock Up 1.2 %

NASDAQ SYBT opened at $75.00 on Friday. Stock Yards Bancorp, Inc. has a 52 week low of $42.35 and a 52 week high of $79.79. 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 business’s fifty day simple moving average is $73.85 and its 200-day simple moving average is $65.62. The firm has a market cap of $2.21 billion, a PE ratio of 19.28 and a beta of 0.86.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.07 EPS for the quarter, topping 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 firm posted $0.82 EPS. As a group, equities analysts anticipate that Stock Yards Bancorp, Inc. will post 4.03 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, December 16th. This represents a $1.24 annualized dividend and a dividend yield of 1.65%. Stock Yards Bancorp’s dividend payout ratio is presently 31.88%.

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.