HL Financial Services LLC decreased its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 18.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,646 shares of the bank’s stock after selling 10,857 shares during the period. HL Financial Services LLC’s holdings in Stock Yards Bancorp were worth $1,892,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its position in shares of Stock Yards Bancorp by 8.5% in the first quarter. FMR LLC now owns 2,008,240 shares of the bank’s stock worth $81,635,000 after buying an additional 157,134 shares during the last quarter. Norges Bank purchased a new position in shares of Stock Yards Bancorp during the fourth quarter worth approximately $5,729,000. O Shaughnessy Asset Management LLC raised its position in shares of Stock Yards Bancorp by 154.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 122,929 shares of the bank’s stock worth $4,997,000 after buying an additional 74,689 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Stock Yards Bancorp by 7.0% in the first quarter. Vanguard Group Inc. now owns 898,396 shares of the bank’s stock worth $36,520,000 after buying an additional 59,149 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Stock Yards Bancorp by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the bank’s stock worth $32,258,000 after buying an additional 29,760 shares during the last quarter. 48.62% of the stock is owned by institutional investors.

Shares of Stock Yards Bancorp, Inc. (SYBT) opened at 35.30 on Thursday. Stock Yards Bancorp, Inc. has a 1-year low of $29.05 and a 1-year high of $48.05. The company has a market capitalization of $799.97 million, a price-to-earnings ratio of 19.18 and a beta of 0.66. The stock has a 50 day moving average price of $37.25 and a 200 day moving average price of $40.17.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $36.91 million during the quarter, compared to analysts’ expectations of $37.06 million. Stock Yards Bancorp had a net margin of 28.11% and a return on equity of 13.36%. On average, equities analysts anticipate that Stock Yards Bancorp, Inc. will post $1.90 EPS for the current fiscal year.

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A number of equities analysts recently commented on SYBT shares. Zacks Investment Research raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 15th. BidaskClub lowered Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Hilliard Lyons raised Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Thursday, May 25th.

In other news, CEO David P. Heintzman sold 1,314 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $38.05, for a total value of $49,997.70. Following the completion of the sale, the chief executive officer now directly owns 169,309 shares in the company, valued at $6,442,207.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David P. Heintzman sold 2,541 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $39.35, for a total value of $99,988.35. Following the completion of the sale, the chief executive officer now owns 169,309 shares of the company’s stock, valued at $6,662,309.15. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 244 shares of company stock valued at $9,042 and sold 6,712 shares valued at $258,567. 6.20% of the stock is owned by corporate insiders.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.

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Institutional Ownership by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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