144,677 Shares in Stock Yards Bancorp, Inc. $SYBT Bought by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC purchased a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) in the second quarter, Holdings Channel.com reports. The firm purchased 144,677 shares of the bank’s stock, valued at approximately $11,063,000. Stock Yards Bancorp makes up approximately 0.6% of Oxford Financial Group LTD. LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Stock Yards Bancorp in the second quarter worth about $165,219,000. Aptus Capital Advisors LLC raised its stake in Stock Yards Bancorp by 0.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 187,691 shares of the bank’s stock valued at $12,191,000 after purchasing an additional 816 shares during the period. Bank of America Corp DE lifted its holdings in Stock Yards Bancorp by 47.2% in the 3rd quarter. Bank of America Corp DE now owns 183,724 shares of the bank’s stock worth $12,859,000 after purchasing an additional 58,942 shares in the last quarter. Marshall Wace LLP lifted its holdings in Stock Yards Bancorp by 691.5% in the 4th quarter. Marshall Wace LLP now owns 178,002 shares of the bank’s stock worth $11,561,000 after purchasing an additional 155,512 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Stock Yards Bancorp by 8.9% in the 4th quarter. Natixis Advisors LLC now owns 158,189 shares of the bank’s stock worth $10,274,000 after purchasing an additional 12,976 shares during the period. 56.46% of the stock is owned by institutional investors.

Insider Transactions at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director Laura L. Wells sold 6,823 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $86.29, for a total transaction of $588,756.67. Following the sale, the director directly owned 9,580 shares in the company, valued at $826,658.20. This represents a 41.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SYBT shares. Hovde Group lowered shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $82.00 to $90.00 in a report on Thursday, July 30th. Piper Sandler reissued a “neutral” rating and issued a $81.00 target price (up from $78.00) on shares of Stock Yards Bancorp in a report on Friday, June 26th. Wall Street Zen upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Keefe, Bruyette & Woods raised their target price on shares of Stock Yards Bancorp from $82.00 to $94.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Stephens set a $87.00 target price on shares of Stock Yards Bancorp and gave the company an “equal weight” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.00.

Stock Yards Bancorp Stock Performance

Shares of NASDAQ:SYBT opened at $82.05 on Friday. The firm has a fifty day simple moving average of $79.76 and a two-hundred day simple moving average of $72.69. Stock Yards Bancorp, Inc. has a 52 week low of $61.51 and a 52 week high of $89.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.55 billion, a P/E ratio of 16.34 and a beta of 0.68.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, July 29th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.23. Stock Yards Bancorp had a net margin of 25.41% and a return on equity of 13.39%. The firm had revenue of $114.71 million for the quarter, compared to analysts’ expectations of $111.66 million. On average, analysts expect that Stock Yards Bancorp, Inc. will post 5.14 earnings per share for the current fiscal year.

Stock Yards Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 21st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, September 21st. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 1.6%. Stock Yards Bancorp’s payout ratio is presently 25.50%.

Stock Yards Bancorp Profile

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.