Stock Yards Bancorp Inc. (NASDAQ:SYBT) President James A. Hillebrand sold 2,800 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $38.50, for a total transaction of $107,800.00. Following the sale, the president now owns 57,989 shares in the company, valued at approximately $2,232,576.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) opened at 40.00 on Tuesday. The stock has a market cap of $903.00 million, a PE ratio of 22.69 and a beta of 0.63. The stock’s 50 day moving average is $34.15 and its 200 day moving average is $30.46. Stock Yards Bancorp Inc. has a 52-week low of $22.67 and a 52-week high of $40.95.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, October 26th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Stock Yards Bancorp had a net margin of 28.18% and a return on equity of 13.36%. Equities research analysts forecast that Stock Yards Bancorp Inc. will post $1.79 earnings per share for the current year.

Insider Buying and Selling by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

Hedge funds have recently made changes to their positions in the stock. Harvey Investment Co. LLC boosted its stake in shares of Stock Yards Bancorp by 37.5% in the second quarter. Harvey Investment Co. LLC now owns 64,502 shares of the company’s stock worth $1,821,000 after buying an additional 17,600 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Stock Yards Bancorp during the first quarter worth approximately $261,000. Bank of New York Mellon Corp boosted its stake in shares of Stock Yards Bancorp by 51.8% in the second quarter. Bank of New York Mellon Corp now owns 148,634 shares of the company’s stock worth $4,197,000 after buying an additional 50,735 shares in the last quarter. American Research & Management Co. boosted its stake in shares of Stock Yards Bancorp by 138.9% in the second quarter. American Research & Management Co. now owns 4,300 shares of the company’s stock worth $121,000 after buying an additional 2,500 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Stock Yards Bancorp by 33.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,911 shares of the company’s stock worth $901,000 after buying an additional 7,927 shares in the last quarter. 42.21% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on SYBT shares. Zacks Investment Research cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Hilliard Lyons cut shares of Stock Yards Bancorp from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 27th.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Company operates through two segments: commercial banking, and investment management and trust. Its commercial banking segment provides a range of loan and deposit products to individual consumers and businesses.

5 Day Chart for NASDAQ:SYBT

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