Stock Yards Bancorp Inc. (SYBT) Insider Sells $80,080.00 in Stock
Stock Yards Bancorp Inc. (NASDAQ:SYBT) insider Thomas C. Stinnett sold 2,002 shares of Stock Yards Bancorp stock in a transaction on Monday, November 14th. The stock was sold at an average price of $40.00, for a total value of $80,080.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) opened at 41.90 on Friday. The company has a market capitalization of $945.89 million, a price-to-earnings ratio of 23.77 and a beta of 0.63. Stock Yards Bancorp Inc. has a 1-year low of $22.67 and a 1-year high of $42.70. The company’s 50 day moving average price is $34.89 and its 200-day moving average price is $30.72.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, October 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.18%. On average, equities analysts forecast that Stock Yards Bancorp Inc. will post $1.79 earnings per share for the current year.
The company 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 is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, December 8th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 40.68%.
A number of institutional investors have recently made changes to their positions in the company. Harvey Investment Co. LLC boosted its position 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 bought a new position in shares of Stock Yards Bancorp during the first quarter worth approximately $261,000. Bank of New York Mellon Corp boosted its position 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 position 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 position 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 currently owned by institutional investors.
A number of analysts recently commented on SYBT shares. Zacks Investment Research upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Tuesday, November 1st. Hilliard Lyons lowered Stock Yards Bancorp from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 27th.
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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