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

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

Stock Yards Bancorp Price Performance

SYBT traded down $0.19 on Wednesday, hitting $77.16. 22,891 shares of the company's stock traded hands, compared to its average volume of 119,082. Stock Yards Bancorp, Inc. has a one year low of $46.70 and a one year high of $79.85. 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 firm has a market cap of $2.27 billion, a price-to-earnings ratio of 18.64 and a beta of 0.72. The company's 50 day simple moving average is $74.21 and its 200-day simple moving average is $72.41.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.00 by $0.13. Stock Yards Bancorp had a net margin of 23.34% and a return on equity of 13.02%. 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 previous year, the firm earned $0.88 earnings per share. As a group, research analysts anticipate that Stock Yards Bancorp, Inc. will post 4.16 EPS 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. Stockholders of record on Monday, June 16th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, June 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.61%. Stock Yards Bancorp's payout ratio is 29.95%.

Institutional Investors Weigh In On Stock Yards Bancorp

Several large investors have recently made changes to their positions in SYBT. Rhumbline Advisers grew its holdings in Stock Yards Bancorp by 0.7% during the 4th quarter. Rhumbline Advisers now owns 41,385 shares of the bank's stock valued at $2,964,000 after buying an additional 307 shares in the last quarter. Principal Securities Inc. raised its stake in Stock Yards Bancorp by 115.6% during the fourth quarter. Principal Securities Inc. now owns 485 shares of the bank's stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. Allworth Financial LP lifted its position in Stock Yards Bancorp by 126.2% during the fourth quarter. Allworth Financial LP now owns 846 shares of the bank's stock valued at $63,000 after purchasing an additional 472 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in shares of Stock Yards Bancorp in the 4th quarter worth $380,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Stock Yards Bancorp in the 4th quarter worth $954,000. 56.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price objective on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Stephens raised their target price on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Piper Sandler set a $81.00 price target on shares of Stock Yards Bancorp and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Stock Yards Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.

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