David P. Heintzman Sells 2,024 Shares of Stock Yards Bancorp Inc. (SYBT) Stock
Stock Yards Bancorp Inc. (NASDAQ:SYBT) CEO David P. Heintzman sold 2,024 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $41.50, for a total transaction of $83,996.00. Following the sale, the chief executive officer now owns 164,066 shares in the company, valued at approximately $6,808,739. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) opened at 42.70 on Monday. Stock Yards Bancorp Inc. has a 1-year low of $22.67 and a 1-year high of $42.85. The firm has a market cap of $963.95 million, a price-to-earnings ratio of 24.22 and a beta of 0.63. The company’s 50-day moving average is $34.96 and its 200 day moving average is $30.74.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its 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%. On average, equities research analysts expect that Stock Yards Bancorp Inc. will post $1.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Monday, December 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.78%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 40.68%.
A number of hedge funds and other institutional investors have recently bought and sold shares of SYBT. Wells Fargo & Company MN raised its position in Stock Yards Bancorp by 0.3% in the third quarter. Wells Fargo & Company MN now owns 22,935 shares of the company’s stock worth $756,000 after buying an additional 63 shares during the last quarter. BlackRock Inc. raised its position in Stock Yards Bancorp by 2.6% in the third quarter. BlackRock Inc. now owns 6,257 shares of the company’s stock worth $207,000 after buying an additional 158 shares during the last quarter. Smith Asset Management Group LP raised its position in Stock Yards Bancorp by 2.0% in the third quarter. Smith Asset Management Group LP now owns 11,695 shares of the company’s stock worth $385,000 after buying an additional 230 shares during the last quarter. BlackRock Group LTD raised its position in Stock Yards Bancorp by 3.6% in the third quarter. BlackRock Group LTD now owns 8,557 shares of the company’s stock worth $282,000 after buying an additional 297 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Stock Yards Bancorp by 1.0% in the third quarter. Rhumbline Advisers now owns 30,488 shares of the company’s stock worth $1,005,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 42.55% of the company’s stock.
Several equities research analysts recently weighed in on SYBT shares. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, November 1st. Hilliard Lyons lowered shares of 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.
Receive News & Stock Ratings for Stock Yards Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp Inc. and related stocks with our FREE daily email newsletter.