Stock Yards Bancorp, Inc. (NASDAQ:SYBT) CEO David P. Heintzman sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $36.30, for a total value of $72,600.00. Following the completion of the sale, the chief executive officer now directly owns 165,809 shares of the company’s stock, valued at approximately $6,018,866.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) traded up 0.631% during mid-day trading on Friday, reaching $36.378. The company’s stock had a trading volume of 4,783 shares. The firm has a 50-day moving average of $34.80 and a 200 day moving average of $38.04. Stock Yards Bancorp, Inc. has a 1-year low of $31.86 and a 1-year high of $48.05. The firm has a market capitalization of $824.29 million, a price-to-earnings ratio of 19.771 and a beta of 0.68.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $36.91 million during the quarter, compared to analysts’ expectations of $37.06 million. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.11%. Equities analysts expect that Stock Yards Bancorp, Inc. will post $1.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, September 8th. Stock Yards Bancorp’s payout ratio is currently 43.24%.

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A number of research firms have commented on SYBT. Zacks Investment Research raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Friday. Hilliard Lyons raised Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price target for the company in a research note on Thursday, May 25th. Finally, BidaskClub downgraded Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Stock Yards Bancorp by 784.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock valued at $120,000 after acquiring an additional 2,745 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Stock Yards Bancorp during the 1st quarter valued at about $159,000. US Bancorp DE increased its holdings in shares of Stock Yards Bancorp by 1.2% during the 2nd quarter. US Bancorp DE now owns 3,973 shares of the bank’s stock valued at $155,000 after acquiring an additional 47 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Stock Yards Bancorp during the 1st quarter valued at about $194,000. Finally, Schroder Investment Management Group increased its holdings in shares of Stock Yards Bancorp by 32.7% during the 1st quarter. Schroder Investment Management Group now owns 5,386 shares of the bank’s stock valued at $222,000 after acquiring an additional 1,327 shares during the last quarter. 48.13% 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 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.

Insider Buying and Selling by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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