Stock Yards Bancorp (NASDAQ:SYBT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, BidAskClub reports.

SYBT has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. ValuEngine raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.

Shares of NASDAQ SYBT traded up $0.09 during trading on Tuesday, reaching $40.85. The company had a trading volume of 108 shares, compared to its average volume of 41,748. Stock Yards Bancorp has a 52 week low of $32.00 and a 52 week high of $42.60. The stock has a market cap of $910.33 million, a PE ratio of 16.88 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.99 and a current ratio of 1.00. The business’s 50 day moving average price is $41.15 and its 200-day moving average price is $38.26.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11. Stock Yards Bancorp had a net margin of 33.17% and a return on equity of 16.75%. The company had revenue of $45.37 million during the quarter, compared to the consensus estimate of $43.45 million. Equities analysts anticipate that Stock Yards Bancorp will post 2.82 earnings per share for the current year.

In other news, EVP William Dishman sold 1,906 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.40, for a total transaction of $77,002.40. Following the completion of the transaction, the executive vice president now directly owns 17,504 shares in the company, valued at approximately $707,161.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathy C. Thompson sold 2,600 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $39.29, for a total value of $102,154.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,756 shares of company stock valued at $312,056 in the last quarter. Corporate insiders own 8.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Stifel Financial Corp increased its stake in Stock Yards Bancorp by 23.6% during the 3rd quarter. Stifel Financial Corp now owns 178,690 shares of the bank’s stock worth $6,556,000 after buying an additional 34,129 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Stock Yards Bancorp by 50.0% in the third quarter. California Public Employees Retirement System now owns 44,995 shares of the bank’s stock worth $1,651,000 after buying an additional 14,989 shares during the last quarter. First Financial Bank Trust Division boosted its stake in Stock Yards Bancorp by 4.4% during the 4th quarter. First Financial Bank Trust Division now owns 8,580 shares of the bank’s stock valued at $352,000 after acquiring an additional 360 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Stock Yards Bancorp by 134.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,714 shares of the bank’s stock valued at $321,000 after acquiring an additional 5,005 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Stock Yards Bancorp by 2.2% during the 3rd quarter. California State Teachers Retirement System now owns 31,889 shares of the bank’s stock valued at $1,170,000 after acquiring an additional 685 shares during the last quarter. 51.23% of the stock is owned by institutional investors.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, money market deposits, and time deposits.

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