Barlow Wealth Partners Inc. Takes $3.23 Million Position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT)

Barlow Wealth Partners Inc. acquired a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 62,648 shares of the bank’s stock, valued at approximately $3,226,000.

A number of other institutional investors have also recently bought and sold shares of the business. Mutual of America Capital Management LLC lifted its position in shares of Stock Yards Bancorp by 30.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 128,462 shares of the bank’s stock worth $6,615,000 after purchasing an additional 30,316 shares in the last quarter. Mariner LLC purchased a new position in shares of Stock Yards Bancorp during the 3rd quarter valued at $1,048,000. Amica Mutual Insurance Co. acquired a new position in shares of Stock Yards Bancorp in the fourth quarter worth $1,228,000. UBS Group AG raised its holdings in shares of Stock Yards Bancorp by 70.4% during the third quarter. UBS Group AG now owns 51,213 shares of the bank’s stock worth $2,012,000 after acquiring an additional 21,153 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in Stock Yards Bancorp by 145.2% during the third quarter. Trexquant Investment LP now owns 24,251 shares of the bank’s stock valued at $953,000 after purchasing an additional 14,360 shares during the last quarter. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Stock Yards Bancorp Stock Up 1.5 %

SYBT stock traded up $0.70 during midday trading on Wednesday, hitting $47.34. The company’s stock had a trading volume of 40,786 shares, compared to its average volume of 77,871. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $45.60 and its 200 day moving average price is $46.60. The stock has a market capitalization of $1.39 billion, a P/E ratio of 13.10 and a beta of 0.83. Stock Yards Bancorp, Inc. has a twelve month low of $36.93 and a twelve month high of $53.15.

Stock Yards Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 33.71%.

Insider Activity

In related news, Director David P. Heintzman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $47.05, for a total value of $141,150.00. Following the completion of the transaction, the director now owns 113,070 shares in the company, valued at approximately $5,319,943.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SYBT. Piper Sandler initiated coverage on Stock Yards Bancorp in a research note on Wednesday, March 6th. They set a “neutral” rating and a $52.00 price target for the company. Hovde Group started coverage on shares of Stock Yards Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 price objective (up from $53.00) on shares of Stock Yards Bancorp in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stock Yards Bancorp presently has a consensus rating of “Hold” and an average price target of $50.00.

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.