Stock Yards Bancorp, Inc. (NASDAQ:SYBT) insider Kathy C. Thompson sold 1,466 shares of Stock Yards Bancorp stock in a transaction on Monday, September 18th. The stock was sold at an average price of $35.08, for a total transaction of $51,427.28. Following the completion of the sale, the insider now owns 40,161 shares of the company’s stock, valued at approximately $1,408,847.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Stock Yards Bancorp, Inc. (NASDAQ:SYBT) traded up 0.14% during mid-day trading on Tuesday, reaching $35.25. 18,119 shares of the company’s stock traded hands. Stock Yards Bancorp, Inc. has a 12 month low of $31.86 and a 12 month high of $48.05. The firm’s 50-day moving average price is $34.82 and its 200 day moving average price is $38.11. The stock has a market capitalization of $798.73 million, a PE ratio of 19.16 and a beta of 0.68.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.46 earnings per share for the quarter, missing the 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 business had revenue of $36.91 million during the quarter, compared to the consensus estimate of $37.06 million. Equities research analysts predict that Stock Yards Bancorp, Inc. will post $1.90 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. Stock Yards Bancorp’s payout ratio is 43.24%.
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A number of brokerages recently issued reports on SYBT. BidaskClub lowered shares of Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Hilliard Lyons upgraded shares of Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Stock Yards Bancorp by 784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock valued at $120,000 after purchasing an additional 2,745 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Stock Yards Bancorp in the first quarter valued at $159,000. US Bancorp DE raised its stake in shares of Stock Yards Bancorp by 1.2% in the second quarter. US Bancorp DE now owns 3,973 shares of the bank’s stock valued at $155,000 after purchasing an additional 47 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Stock Yards Bancorp in the first quarter valued at $194,000. Finally, Schroder Investment Management Group raised 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 valued at $222,000 after purchasing an additional 1,327 shares in the last quarter. Institutional investors and hedge funds own 48.13% 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.
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