William Dishman Sells 2,802 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) EVP William Dishman sold 2,802 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $78.10, for a total value of $218,836.20. Following the completion of the sale, the executive vice president now directly owns 31,594 shares in the company, valued at approximately $2,467,491.40. This represents a 8.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Stock Yards Bancorp Price Performance

Shares of Stock Yards Bancorp stock traded down $0.18 during midday trading on Friday, reaching $78.71. The company had a trading volume of 829,843 shares, compared to its average volume of 136,254. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $74.87 and a 200 day simple moving average of $72.47. Stock Yards Bancorp, Inc. has a 1-year low of $47.96 and a 1-year high of $79.85. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 19.01 and a beta of 0.72.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.13. Stock Yards Bancorp had a return on equity of 13.02% and a net margin of 23.34%. The firm had revenue of $93.63 million for the quarter, compared to the consensus estimate of $92.90 million. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, equities research analysts forecast that Stock Yards Bancorp, Inc. will post 4.16 earnings per share for the current year.

Stock Yards Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, June 16th. Stock Yards Bancorp's dividend payout ratio is 29.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sippican Capital Advisors lifted its holdings in Stock Yards Bancorp by 0.8% during the 1st quarter. Sippican Capital Advisors now owns 17,984 shares of the bank's stock worth $1,242,000 after buying an additional 140 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Stock Yards Bancorp by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 25,140 shares of the bank's stock worth $1,800,000 after acquiring an additional 152 shares during the period. Cerity Partners LLC grew its holdings in Stock Yards Bancorp by 0.9% during the 4th quarter. Cerity Partners LLC now owns 18,713 shares of the bank's stock worth $1,339,000 after acquiring an additional 160 shares during the period. Summit Investment Advisors Inc. grew its holdings in Stock Yards Bancorp by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,679 shares of the bank's stock worth $192,000 after acquiring an additional 171 shares during the period. Finally, Thoroughbred Financial Services LLC grew its holdings in Stock Yards Bancorp by 0.9% during the 4th quarter. Thoroughbred Financial Services LLC now owns 23,771 shares of the bank's stock worth $1,702,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 56.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYBT. Wall Street Zen lowered shares of Stock Yards Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Piper Sandler set a $81.00 price target on shares of Stock Yards Bancorp and gave the company a "neutral" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Finally, Stephens lifted their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Stock Yards Bancorp currently has a consensus rating of "Hold" and a consensus price target of $77.25.

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.