Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director Sells $141,150.00 in Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 3,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 113,070 shares in the company, valued at approximately $5,319,943.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stock Yards Bancorp Stock Up 1.5 %

SYBT opened at $47.34 on Thursday. Stock Yards Bancorp, Inc. has a 1 year low of $36.93 and a 1 year high of $53.15. The company has a market cap of $1.39 billion, a PE ratio of 13.30 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50 day moving average price of $45.64 and a 200 day moving average price of $46.61.

Stock Yards Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Hovde Group assumed coverage on Stock Yards Bancorp in a report on Monday, March 4th. They issued an “outperform” rating on the stock. Piper Sandler assumed coverage on Stock Yards Bancorp in a research note on Wednesday, March 6th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $54.00 price objective (up previously from $53.00) on shares of Stock Yards Bancorp in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Stock Yards Bancorp presently has an average rating of “Hold” and a consensus price target of $50.00.

Hedge Funds Weigh In On Stock Yards Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in Stock Yards Bancorp by 121.7% in the 4th quarter. Signaturefd LLC now owns 1,530 shares of the bank’s stock worth $79,000 after buying an additional 840 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Stock Yards Bancorp by 70.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,931 shares of the bank’s stock worth $99,000 after purchasing an additional 799 shares during the last quarter. Covestor Ltd increased its position in shares of Stock Yards Bancorp by 58.2% in the 3rd quarter. Covestor Ltd now owns 3,384 shares of the bank’s stock worth $133,000 after purchasing an additional 1,245 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Stock Yards Bancorp in the 4th quarter worth about $165,000. Finally, Quantbot Technologies LP bought a new stake in shares of Stock Yards Bancorp in the 1st quarter worth about $195,000. 56.46% of the stock is owned by institutional investors and hedge funds.

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.