Price T Rowe Associates Inc. MD increased its holdings in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company owned 23,341 shares of the bank’s stock after purchasing an additional 977 shares during the period. Price T Rowe Associates Inc. MD owned about 0.08% of Stock Yards Bancorp worth $1,142,000 at the end of the most recent reporting period.

A number of other major investors have also changed their holdings in SYBT. Signaturefd LLC increased its stake in shares of Stock Yards Bancorp by 121.7% in the 4th quarter. Signaturefd LLC now owns 1,530 shares of the bank’s stock valued at $79,000 after buying an additional 840 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Stock Yards Bancorp by 70.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,931 shares of the bank’s stock valued at $99,000 after buying an additional 799 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Stock Yards Bancorp in the 4th quarter valued at about $165,000. Quantbot Technologies LP acquired a new stake in shares of Stock Yards Bancorp in the 1st quarter valued at about $195,000. Finally, German American Bancorp Inc. acquired a new position in Stock Yards Bancorp during the 4th quarter valued at approximately $230,000. 56.46% of the shares are owned by hedge funds and other institutional investors.

Stock Yards Bancorp share price fell 0.6%

NASDAQ:SYBT shares opened at $55.27 on Friday. 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 has a market cap of $1.62 billion, a P/E ratio of 15.53 and a beta of 0.83. Stock Yards Bancorp, Inc. has a 52-week low of $36.93 and a 52-week high of $64.51. The stock’s 50-day moving average is $52.21 and its 200-day moving average is $48.55.

Stock Yards Bancorp (NASDAQ:SYBT – Free Report) last released its quarterly earnings results on Wednesday, July 24. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.10. The company had revenue of $123.96 million for the quarter, compared to analyst expectations of $83.90 million. Stock Yards Bancorp had a net margin of 21.99% and a return on equity of 12.36%. As a group, equities analysts forecast that Stock Yards Bancorp, Inc. will post earnings per share of $3.59 for the current fiscal year.

Stock Yards Bancorp announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1. Shareholders of record on Monday, June 17th were paid a dividend of $0.30. The ex-dividend date of this dividend was Monday, June 17th. This represents an annualized dividend of $1.20 and a yield of 2.17%. Stock Yards Bancorp’s payout ratio is currently 33.71%.

Changes in analyst ratings

Several analysts have commented on SYBT shares. Stephens increased their price target on shares of Stock Yards Bancorp from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Hovde Group increased their price target on shares of Stock Yards Bancorp from $53.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $64.00 price target (up from $54.00) on shares of Stock Yards Bancorp in a report on Thursday, July 25th. One analyst rated the stock with a sell rating, two gave a hold rating, and two gave a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.50.

Read our latest report on SYBT

Insider Buying and Selling at Stock Yards Bancorp

In other news, Director David P. Heintzman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, July 26. The shares were sold at an average price of $62.27, for a total transaction of $373,620.00. Following the sale, the director now directly owns 107,070 shares of the company’s stock, valued at $6,667,248.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other news, CEO James A. Hillebrand sold 9,053 shares of the company’s stock in a transaction that occurred on Monday, July 29. The shares were sold at an average price of $61.99, for a total transaction of $561,195.47. Following the transaction, the CEO now directly owns 105,450 shares of the company’s stock, valued at approximately $6,536,845.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David P. Heintzman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, July 26. The shares were sold at an average price of $62.27, for a total transaction of $373,620.00. Following the completion of the sale, the director now owns 107,070 shares of the company’s stock, valued at $6,667,248.90. The disclosure for this sale can be found here. In the last three months, insiders sold 18,757 shares of the company’s stock, valued at $1,165,177. Insiders own 3.90% of the company’s stock.

About Stock Yards Bancorp

(Free report)

Stock Yards Bancorp, Inc. is a holding company for Stock Yards Bank & Trust Company, which provides various financial services to individuals, businesses and others in the United States. The company operates in two segments: Commercial Banking and WM&T. The Commercial Banking segment offers a range of lending and deposit products to individuals and businesses in all of 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.

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