Insider Selling: Stock Yards Bancorp, Inc. (NASDAQ:SYBT) EVP Sells 4,100 Shares of Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) EVP Michael Croce sold 4,100 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $77.06, for a total value of $315,946.00. Following the transaction, the executive vice president now owns 24,600 shares in the company, valued at $1,895,676. This trade represents a 14.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stock Yards Bancorp Price Performance

SYBT traded up $0.26 during trading on Thursday, reaching $76.42. The company's stock had a trading volume of 40,964 shares, compared to its average volume of 119,794. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $72.41 and a two-hundred day simple moving average of $72.60. Stock Yards Bancorp, Inc. has a 1 year low of $46.59 and a 1 year high of $79.85. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 19.65 and a beta of 0.72.

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 analysts' consensus estimates of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. The firm had revenue of $93.63 million for the quarter, compared to the consensus estimate of $92.90 million. During the same quarter last year, the business posted $0.88 earnings per share. As a group, analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, June 16th. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. Stock Yards Bancorp's dividend payout ratio is presently 29.95%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sippican Capital Advisors raised its stake in Stock Yards Bancorp by 0.8% during the first quarter. Sippican Capital Advisors now owns 17,984 shares of the bank's stock worth $1,242,000 after purchasing an additional 140 shares during the period. Corient Private Wealth LLC raised its position in shares of Stock Yards Bancorp by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank's stock valued at $1,800,000 after buying an additional 152 shares during the period. Cerity Partners LLC raised its position in Stock Yards Bancorp by 0.9% in the fourth quarter. Cerity Partners LLC now owns 18,713 shares of the bank's stock valued at $1,339,000 after purchasing an additional 160 shares during the period. Summit Investment Advisors Inc. raised its position in Stock Yards Bancorp by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,679 shares of the bank's stock valued at $192,000 after purchasing an additional 171 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in Stock Yards Bancorp by 0.9% in the fourth quarter. Thoroughbred Financial Services LLC now owns 23,771 shares of the bank's stock valued at $1,702,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 56.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SYBT shares. Piper Sandler set a $81.00 price target on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded Stock Yards Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Stephens raised their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, Stock Yards Bancorp has an average rating of "Hold" and an average price target of $77.25.

Stock Yards Bancorp Company Profile

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.