Somewhat Favorable News Coverage Somewhat Unlikely to Impact Stock Yards Bancorp (SYBT) Stock Price
Press coverage about Stock Yards Bancorp (NASDAQ:SYBT) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stock Yards Bancorp earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 47.5229848854859 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Stock Yards Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : SYBT-US : November 9, 2017 (finance.yahoo.com)
- Stock Yards Bancorp, Inc. :SYBT-US: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017 (finance.yahoo.com)
- ETFs with exposure to Stock Yards Bancorp, Inc. : November 7, 2017 (finance.yahoo.com)
- Zacks: Stock Yards Bancorp, Inc. (SYBT) Given $38.75 Consensus Price Target by Brokerages (americanbankingnews.com)
A number of equities research analysts have recently issued reports on SYBT shares. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub cut Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
Shares of Stock Yards Bancorp (NASDAQ SYBT) traded down $0.05 during trading hours on Friday, hitting $36.50. The stock had a trading volume of 15,800 shares, compared to its average volume of 49,468. Stock Yards Bancorp has a 12 month low of $31.90 and a 12 month high of $48.05. The company has a market capitalization of $828.61, a PE ratio of 19.24 and a beta of 0.69. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.15.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. The company had revenue of $37.27 million during the quarter, compared to analysts’ expectations of $37.81 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. analysts forecast that Stock Yards Bancorp will post 1.91 earnings per share for the current year.
In other news, insider Philip Poindexter sold 850 shares of Stock Yards Bancorp stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $35.26, for a total value of $29,971.00. Following the completion of the sale, the insider now directly owns 23,132 shares in the company, valued at $815,634.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kathy C. Thompson sold 2,284 shares of Stock Yards Bancorp stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.62, for a total transaction of $90,492.08. The disclosure for this sale can be found here. Over the last quarter, insiders bought 352 shares of company stock valued at $12,620 and sold 7,864 shares valued at $294,482. 6.20% of the stock is currently owned by insiders.
About Stock Yards Bancorp
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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