BidaskClub upgraded shares of Stock Yards Bancorp (NASDAQ:SYBT) from a sell rating to a hold rating in a report released on Saturday.
A number of other equities analysts have also recently issued reports on SYBT. Zacks Investment Research cut Stock Yards Bancorp from a hold rating to a sell rating in a report on Tuesday, October 30th. ValuEngine upgraded Stock Yards Bancorp from a sell rating to a hold rating in a report on Wednesday, December 26th. Five research analysts have rated the stock with a hold rating, Stock Yards Bancorp has an average rating of Hold and an average target price of $40.00.
SYBT opened at $34.46 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.92 and a quick ratio of 0.91. Stock Yards Bancorp has a 12 month low of $28.02 and a 12 month high of $41.00. The firm has a market capitalization of $775.61 million, a P/E ratio of 18.04 and a beta of 0.45.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Stock Yards Bancorp had a net margin of 27.08% and a return on equity of 15.10%. The firm had revenue of $39.95 million during the quarter, compared to the consensus estimate of $40.95 million. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, sell-side analysts forecast that Stock Yards Bancorp will post 2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, December 14th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 52.36%.
In other Stock Yards Bancorp news, Director Carl G. Herde acquired 5,000 shares of Stock Yards Bancorp stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $30.75 per share, for a total transaction of $153,750.00. Following the purchase, the director now directly owns 31,182 shares in the company, valued at approximately $958,846.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathy C. Thompson sold 1,500 shares of the stock in a transaction dated Monday, December 31st. The stock was sold at an average price of $32.63, for a total transaction of $48,945.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 7,100 shares of company stock valued at $219,283. Corporate insiders own 8.42% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in shares of Stock Yards Bancorp by 116.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,026 shares of the bank’s stock worth $146,000 after buying an additional 2,168 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Stock Yards Bancorp during the 2nd quarter worth about $206,000. Marshall Wace LLP acquired a new position in shares of Stock Yards Bancorp during the 3rd quarter worth about $206,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Stock Yards Bancorp by 62.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,025 shares of the bank’s stock worth $437,000 after buying an additional 4,600 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Stock Yards Bancorp during the 3rd quarter worth about $453,000. Institutional investors own 50.03% of the company’s stock.
Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc is a holding company, which engages in the provision of commercial and personal banking services. It also offers loan and deposit services, cash management services, securities brokerage activities, mortgage origination, and wealth management and trust activities. It operates through the Commercial Banking and Wealth Management and Trust business segment.
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