Vanguard Group Inc. boosted its position in shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 7.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 898,396 shares of the bank’s stock after buying an additional 59,149 shares during the period. Vanguard Group Inc.’s holdings in Stock Yards Bancorp were worth $36,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. bought a new stake in shares of Stock Yards Bancorp during the first quarter worth about $159,000. SG Americas Securities LLC bought a new stake in shares of Stock Yards Bancorp during the first quarter worth about $194,000. Schroder Investment Management Group boosted its stake in shares of Stock Yards Bancorp by 32.7% in the first quarter. Schroder Investment Management Group now owns 5,386 shares of the bank’s stock worth $222,000 after buying an additional 1,327 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Stock Yards Bancorp during the first quarter worth about $228,000. Finally, Karp Capital Management Corp bought a new stake in shares of Stock Yards Bancorp during the first quarter worth about $371,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stock Yards Bancorp, Inc. (SYBT) traded down 0.14% during trading on Tuesday, reaching $35.45. The company’s stock had a trading volume of 9,030 shares. The company has a market cap of $803.26 million, a PE ratio of 19.27 and a beta of 0.66. Stock Yards Bancorp, Inc. has a 12-month low of $29.22 and a 12-month high of $48.05. The company has a 50 day moving average of $37.11 and a 200 day moving average of $39.91.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, July 26th. The bank reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $36.91 million for 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, analysts anticipate that Stock Yards Bancorp, Inc. will post $1.90 EPS for the current fiscal year.

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A number of analysts recently issued reports on SYBT shares. BidaskClub cut Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 29th. Finally, Hilliard Lyons raised Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price objective on the stock in a report on Thursday, May 25th.

In other news, CEO David P. Heintzman sold 1,314 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $38.05, for a total value of $49,997.70. Following the transaction, the chief executive officer now directly owns 169,309 shares in the company, valued at $6,442,207.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David P. Heintzman sold 2,541 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 169,309 shares in the company, valued at $6,662,309.15. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 244 shares of company stock worth $9,042 and have sold 8,528 shares worth $322,490. 6.20% of the stock is currently owned by 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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