Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) Director David P. Heintzman sold 1,581 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $74.00, for a total value of $116,994.00. Following the completion of the sale, the director now directly owns 82,070 shares of the company's stock, valued at $6,073,180. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Stock Yards Bancorp Stock Performance
Shares of Stock Yards Bancorp stock traded up $1.08 during trading hours on Friday, hitting $74.41. 90,663 shares of the company's stock traded hands, compared to its average volume of 126,385. The company has a fifty day simple moving average of $69.16 and a 200-day simple moving average of $71.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.13 and a beta of 0.77. Stock Yards Bancorp, Inc. has a 12-month low of $44.36 and a 12-month high of $79.79.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.00 by $0.13. The business had revenue of $93.63 million for the quarter, compared to analyst estimates of $92.90 million. Stock Yards Bancorp had a net margin of 22.54% and a return on equity of 12.71%. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current fiscal year.
Stock Yards Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.31 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.24 annualized dividend and a yield of 1.67%. Stock Yards Bancorp's payout ratio is 29.95%.
Hedge Funds Weigh In On Stock Yards Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of SYBT. Victory Capital Management Inc. raised its stake in Stock Yards Bancorp by 120.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,074,606 shares of the bank's stock valued at $76,953,000 after acquiring an additional 586,550 shares during the period. Norges Bank purchased a new stake in shares of Stock Yards Bancorp during the 4th quarter valued at approximately $5,761,000. Adage Capital Partners GP L.L.C. bought a new position in Stock Yards Bancorp in the 4th quarter worth approximately $4,891,000. Clark Capital Management Group Inc. bought a new position in Stock Yards Bancorp in the 4th quarter worth approximately $4,106,000. Finally, Aptus Capital Advisors LLC grew its stake in Stock Yards Bancorp by 38.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 131,070 shares of the bank's stock valued at $9,386,000 after buying an additional 36,114 shares in the last quarter. 56.46% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently commented on SYBT shares. Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a report on Thursday, April 24th. Stephens increased their price objective on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th.
View Our Latest Analysis on SYBT
About Stock Yards Bancorp
(
Get Free Report)
Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.
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