Tower Research Capital LLC TRC Purchases 234 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Tower Research Capital LLC TRC raised its position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 18.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,537 shares of the bank’s stock after acquiring an additional 234 shares during the period. Tower Research Capital LLC TRC’s holdings in Stock Yards Bancorp were worth $110,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Stock Yards Bancorp by 164.5% in the fourth quarter. Covestor Ltd now owns 373 shares of the bank’s stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Stock Yards Bancorp by 1,077.5% during the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock worth $34,000 after buying an additional 431 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Stock Yards Bancorp by 115.6% during the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock worth $35,000 after buying an additional 260 shares during the last quarter. Kentucky Trust Co bought a new position in shares of Stock Yards Bancorp in the 4th quarter valued at about $44,000. Finally, Sterling Capital Management LLC increased its position in shares of Stock Yards Bancorp by 806.7% in the fourth quarter. Sterling Capital Management LLC now owns 807 shares of the bank’s stock valued at $58,000 after acquiring an additional 718 shares during the last quarter. Institutional investors and hedge funds own 56.46% of the company’s stock.

Stock Yards Bancorp Stock Performance

SYBT opened at $75.77 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Stock Yards Bancorp, Inc. has a 12-month low of $44.36 and a 12-month high of $79.79. The business has a 50 day moving average of $69.31 and a 200-day moving average of $71.80. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 19.48 and a beta of 0.73.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. The business had revenue of $93.63 million during the quarter, compared to the consensus estimate of $92.90 million. During the same quarter last year, the firm posted $0.88 EPS. On average, equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 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, April 1st. Investors of record on Monday, March 17th were paid a $0.31 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.64%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 29.95%.

Insider Buying and Selling at Stock Yards Bancorp

In other news, Director David P. Heintzman sold 1,581 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $74.00, for a total transaction of $116,994.00. Following the transaction, the director now owns 82,070 shares in the company, valued at approximately $6,073,180. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SYBT shares. Piper Sandler set a $81.00 price target on Stock Yards Bancorp and gave the company a “neutral” rating in a research note on Thursday, April 24th. Stephens raised their target price on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a “market perform” rating on the stock in a research report on Thursday, April 24th.

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.