Insider Selling: Stock Yards Bancorp Inc. (SYBT) Insider Sells 3,150 Shares of Stock
Stock Yards Bancorp Inc. (NASDAQ:SYBT) insider Philip Poindexter sold 3,150 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $44.05, for a total value of $138,757.50. Following the completion of the transaction, the insider now owns 21,624 shares in the company, valued at $952,537.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) traded down 2.617% during midday trading on Monday, hitting $42.605. The stock had a trading volume of 24,599 shares. The stock has a market cap of $961.81 million, a PE ratio of 24.166 and a beta of 0.63. The firm has a 50 day moving average price of $36.39 and a 200-day moving average price of $31.34. Stock Yards Bancorp Inc. has a 52-week low of $22.67 and a 52-week high of $44.35.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.46 earnings per share for the quarter, topping 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%. Equities analysts predict that Stock Yards Bancorp Inc. will post $1.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Monday, December 12th will be given a dividend of $0.19 per share. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, December 8th. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 40.68%.
Several equities research analysts have recently issued reports on SYBT shares. Zacks Investment Research raised Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, November 1st. Hilliard Lyons cut Stock Yards Bancorp from a “neutral” rating to an “underperform” rating in a report on Thursday, October 27th.
A number of large investors have recently made changes to their positions in the company. Societe Generale bought a new stake in shares of Stock Yards Bancorp during the second quarter valued at $104,000. SG Americas Securities LLC bought a new stake in shares of Stock Yards Bancorp during the second quarter valued at $104,000. Schroder Investment Management Group increased its stake in shares of Stock Yards Bancorp by 12.1% in the second quarter. Schroder Investment Management Group now owns 3,904 shares of the company’s stock valued at $110,000 after buying an additional 420 shares in the last quarter. US Bancorp DE increased its stake in shares of Stock Yards Bancorp by 158.6% in the second quarter. US Bancorp DE now owns 3,926 shares of the company’s stock valued at $111,000 after buying an additional 2,408 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Stock Yards Bancorp by 50.0% in the second quarter. Legal & General Group Plc now owns 3,947 shares of the company’s stock valued at $110,000 after buying an additional 1,315 shares in the last quarter. 43.50% of the stock is currently owned by institutional investors.
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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