Goldman Sachs Group Inc. decreased its stake in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,504 shares of the bank’s stock after selling 1,158 shares during the period. Goldman Sachs Group Inc. owned about 0.11% of Stock Yards Bancorp worth $1,037,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SYBT. FMR LLC raised its stake 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 valued at $81,635,000 after buying an additional 157,134 shares during the last quarter. Vanguard Group Inc. raised its stake 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 valued at $36,520,000 after buying an additional 59,149 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $32,258,000 after buying an additional 29,760 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Stock Yards Bancorp by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 273,640 shares of the bank’s stock valued at $11,123,000 after buying an additional 1,955 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Stock Yards Bancorp by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 183,644 shares of the bank’s stock valued at $7,465,000 after buying an additional 7,443 shares during the last quarter. Institutional investors own 48.62% of the company’s stock.

Stock Yards Bancorp, Inc. (NASDAQ SYBT) traded down 1.57% on Friday, hitting $34.50. The stock had a trading volume of 72,012 shares. Stock Yards Bancorp, Inc. has a one year low of $29.22 and a one year high of $48.05. The company has a market cap of $781.74 million, a PE ratio of 18.75 and a beta of 0.66. The stock has a 50-day moving average of $37.15 and a 200-day moving average of $40.06.

Stock Yards Bancorp (NASDAQ:SYBT) last announced 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. Stock Yards Bancorp had a net margin of 28.11% and a return on equity of 13.36%. The firm had revenue of $36.91 million for the quarter, compared to the consensus estimate of $37.06 million. Equities analysts expect that Stock Yards Bancorp, Inc. will post $1.90 earnings per share for the current fiscal year.

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SYBT has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Hilliard Lyons upgraded shares of Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Thursday, May 25th.

In related news, insider Kathy C. Thompson sold 1,816 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.20, for a total value of $63,923.20. Following the completion of the transaction, the insider now owns 40,161 shares in the company, valued at approximately $1,413,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David P. Heintzman sold 2,541 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 169,309 shares of the company’s stock, valued at approximately $6,662,309.15. The disclosure for this sale can be found here. In the last quarter, insiders purchased 244 shares of company stock valued at $9,042 and sold 8,528 shares valued at $322,490. Company insiders own 6.20% of the company’s stock.

About Stock Yards Bancorp

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.

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

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