Stock Yards Bancorp (NASDAQ:SYBT) President Sells $86,300.28 in Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) President Philip Poindexter sold 1,221 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $70.68, for a total value of $86,300.28. Following the transaction, the president directly owned 53,376 shares of the company’s stock, valued at $3,772,615.68. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock opened at $71.22 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. Stock Yards Bancorp, Inc. has a 52 week low of $61.51 and a 52 week high of $83.83. The stock has a market capitalization of $2.10 billion, a P/E ratio of 14.65 and a beta of 0.70. The stock has a fifty day moving average of $68.76 and a 200-day moving average of $67.71.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%.The company had revenue of $102.63 million during the quarter, compared to analysts’ expectations of $108.18 million. On average, sell-side analysts expect that Stock Yards Bancorp, Inc. will post 5.1 earnings per share for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Stock Yards Bancorp’s payout ratio is 26.34%.

Institutional Investors Weigh In On Stock Yards Bancorp

Institutional investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D bought a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at about $1,932,000. Citigroup Inc. grew its position in shares of Stock Yards Bancorp by 60.7% in the 3rd quarter. Citigroup Inc. now owns 61,128 shares of the bank’s stock valued at $4,278,000 after buying an additional 23,093 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at about $1,638,000. Deprince Race & Zollo Inc. grew its position in shares of Stock Yards Bancorp by 146.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 113,560 shares of the bank’s stock valued at $7,376,000 after buying an additional 67,440 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of Stock Yards Bancorp by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 186,875 shares of the bank’s stock valued at $13,079,000 after buying an additional 24,686 shares during the last quarter. Institutional investors own 56.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Hovde Group raised Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, March 6th. Weiss Ratings raised Stock Yards Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Zacks Research cut Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen raised Stock Yards Bancorp from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Finally, Stephens upped their target price on Stock Yards Bancorp from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.00.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.