Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman Sells 3,500 Shares

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 3,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $78.10, for a total transaction of $273,350.00. Following the transaction, the director now directly owns 21,411 shares of the company’s stock, valued at $1,672,199.10. This represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stock Yards Bancorp Price Performance

SYBT stock traded up $0.35 during midday trading on Tuesday, reaching $77.77. The company had a trading volume of 122,071 shares, compared to its average volume of 106,763. The firm has a 50-day moving average price of $66.40 and a 200-day moving average price of $57.78. 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 company has a market capitalization of $2.29 billion, a P/E ratio of 21.45 and a beta of 0.81. Stock Yards Bancorp, Inc. has a 1 year low of $42.35 and a 1 year high of $79.70.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. The business had revenue of $130.52 million for the quarter, compared to the consensus estimate of $87.57 million. Stock Yards Bancorp had a return on equity of 12.00% and a net margin of 21.62%. On average, research analysts anticipate that Stock Yards Bancorp, Inc. will post 3.76 earnings per share for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.59%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 34.07%.

Wall Street Analyst Weigh In

SYBT has been the topic of a number of recent research reports. Stephens cut Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $70.00 to $76.00 in a research report on Friday, November 15th. Piper Sandler boosted their price objective on Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Hovde Group cut Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $67.00 to $68.00 in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Stock Yards Bancorp has an average rating of “Hold” and an average target price of $69.25.

Institutional Investors Weigh In On Stock Yards Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC increased its stake in Stock Yards Bancorp by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 4,879 shares of the bank’s stock worth $239,000 after purchasing an additional 384 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Stock Yards Bancorp by 4.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,341 shares of the bank’s stock worth $1,142,000 after buying an additional 977 shares during the period. Orleans Capital Management Corp LA bought a new stake in Stock Yards Bancorp during the 1st quarter valued at $357,000. SG Americas Securities LLC boosted its position in Stock Yards Bancorp by 437.8% during the 2nd quarter. SG Americas Securities LLC now owns 12,138 shares of the bank’s stock valued at $603,000 after buying an additional 9,881 shares during the period. Finally, Chatham Capital Group Inc. grew its holdings in Stock Yards Bancorp by 54.2% in the 2nd quarter. Chatham Capital Group Inc. now owns 46,673 shares of the bank’s stock worth $2,318,000 after acquiring an additional 16,396 shares during the last quarter. Institutional investors own 56.46% of the company’s stock.

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.