Stock Yards Bancorp Inc. (SYBT) Insider Kathy C. Thompson Sells 2,500 Shares of Stock
Stock Yards Bancorp Inc. (NASDAQ:SYBT) insider Kathy C. Thompson sold 2,500 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $42.66, for a total transaction of $106,650.00. Following the transaction, the insider now owns 36,749 shares in the company, valued at approximately $1,567,712.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Stock Yards Bancorp Inc. (NASDAQ:SYBT) traded up 0.83% during mid-day trading on Tuesday, hitting $42.60. 5,207 shares of the stock traded hands. The firm’s 50-day moving average is $35.44 and its 200 day moving average is $31.00. The firm has a market cap of $961.70 million, a P/E ratio of 24.16 and a beta of 0.63. Stock Yards Bancorp Inc. has a 52-week low of $22.67 and a 52-week high of $43.40.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.18%. Equities analysts predict that Stock Yards Bancorp Inc. will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Monday, December 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.18. Stock Yards Bancorp’s dividend payout ratio is currently 40.68%.
SYBT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company 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.
Large investors have recently added to or reduced their stakes in the company. Societe Generale purchased a new stake in Stock Yards Bancorp during the second quarter worth $104,000. SG Americas Securities LLC purchased a new stake in Stock Yards Bancorp during the second quarter worth $104,000. Schroder Investment Management Group boosted its stake in Stock Yards Bancorp by 12.1% in the second quarter. Schroder Investment Management Group now owns 3,904 shares of the company’s stock worth $110,000 after buying an additional 420 shares in the last quarter. Legal & General Group Plc boosted its stake in Stock Yards Bancorp by 50.0% in the second quarter. Legal & General Group Plc now owns 3,947 shares of the company’s stock worth $110,000 after buying an additional 1,315 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Stock Yards Bancorp by 158.6% in the second quarter. US Bancorp DE now owns 3,926 shares of the company’s stock worth $111,000 after buying an additional 2,408 shares in the last quarter. Institutional investors and hedge funds own 42.55% of the company’s stock.
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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