Stock Yards Bancorp Inc. (SYBT) CEO Sells $42,000.00 in Stock
Stock Yards Bancorp Inc. (NASDAQ:SYBT) CEO David P. Heintzman sold 1,050 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $40.00, for a total transaction of $42,000.00. Following the transaction, the chief executive officer now owns 164,066 shares in the company, valued at $6,562,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Stock Yards Bancorp Inc. (NASDAQ:SYBT) traded up 0.298% during midday trading on Friday, reaching $42.075. 18,885 shares of the company were exchanged. Stock Yards Bancorp Inc. has a 52 week low of $22.67 and a 52 week high of $42.70. The firm has a 50-day moving average price of $34.89 and a 200-day moving average price of $30.72. The company has a market capitalization of $949.84 million, a PE ratio of 23.866 and a beta of 0.63.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Stock Yards Bancorp Inc. will post $1.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Monday, December 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 8th. Stock Yards Bancorp’s payout ratio is 40.68%.
A number of equities analysts have recently issued reports on SYBT shares. Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Hilliard Lyons downgraded shares of Stock Yards Bancorp from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 27th.
Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in Stock Yards Bancorp during the first quarter worth about $261,000. BlackRock Institutional Trust Company N.A. boosted its position in shares of Stock Yards Bancorp by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 488,331 shares of the company’s stock worth $18,815,000 after buying an additional 6,538 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Stock Yards Bancorp by 7.6% in the first quarter. Panagora Asset Management Inc. now owns 110,747 shares of the company’s stock worth $4,267,000 after buying an additional 7,848 shares during the period. First Financial Bank N.A. Trust Division boosted its position in shares of Stock Yards Bancorp by 50.0% in the second quarter. First Financial Bank N.A. Trust Division now owns 12,262 shares of the company’s stock worth $346,000 after buying an additional 4,087 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its position in shares of Stock Yards Bancorp by 49.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 753,580 shares of the company’s stock worth $21,273,000 after buying an additional 249,684 shares during the period. 42.21% of the stock is currently owned by institutional investors and hedge funds.
Stock Yards Bancorp Company Profile
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.
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