Insider Selling: Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director Sells 3,419 Shares of Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) Director David P. Heintzman sold 3,419 shares of Stock Yards Bancorp stock in a transaction on Friday, April 25th. The shares were sold at an average price of $74.71, for a total transaction of $255,433.49. Following the completion of the sale, the director now directly owns 83,651 shares of the company's stock, valued at approximately $6,249,566.21. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Stock Yards Bancorp Stock Up 0.7 %

NASDAQ:SYBT traded up $0.54 on Thursday, hitting $73.33. The stock had a trading volume of 97,950 shares, compared to its average volume of 126,276. Stock Yards Bancorp, Inc. has a 1 year low of $44.36 and a 1 year high of $79.79. The firm's fifty day simple moving average is $69.10 and its two-hundred day simple moving average is $71.50. The stock has a market cap of $2.16 billion, a P/E ratio of 18.85 and a beta of 0.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.13. The company had revenue of $93.63 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.88 EPS. Analysts predict that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 dividend yield of 1.69%. Stock Yards Bancorp's payout ratio is presently 29.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Stock Yards Bancorp by 137.8% during the third quarter. Barclays PLC now owns 45,801 shares of the bank's stock valued at $2,840,000 after purchasing an additional 26,537 shares during the last quarter. Independent Solutions Wealth Management LLC purchased a new stake in shares of Stock Yards Bancorp during the 3rd quarter valued at approximately $207,000. JPMorgan Chase & Co. boosted its holdings in Stock Yards Bancorp by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank's stock worth $1,390,000 after buying an additional 1,360 shares during the period. SG Americas Securities LLC purchased a new position in Stock Yards Bancorp in the 4th quarter valued at approximately $453,000. Finally, Baron Silver Stevens Financial Advisors LLC bought a new stake in Stock Yards Bancorp during the 4th quarter valued at $749,000. Institutional investors own 56.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SYBT shares. Piper Sandler set a $81.00 price target on Stock Yards Bancorp and gave the company a "neutral" rating in a research note on Thursday, April 24th. Stephens upped their price target on Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th.

About Stock Yards Bancorp

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.