Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman Sells 3,419 Shares

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 3,419 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $74.71, for a total transaction of $255,433.49. Following the completion of the transaction, the director now directly owns 83,651 shares of the company’s stock, valued at approximately $6,249,566.21. This trade represents a 3.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Stock Yards Bancorp Stock Down 0.6 %

SYBT opened at $74.19 on Tuesday. The company has a market capitalization of $2.19 billion, a P/E ratio of 19.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $69.11 and a 200-day moving average of $71.41. Stock Yards Bancorp, Inc. has a fifty-two week low of $44.32 and a fifty-two week high of $79.79.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. The business had revenue of $93.63 million for the quarter, compared to analysts’ expectations of $92.90 million. Stock Yards Bancorp had a return on equity of 12.71% and a net margin of 22.54%. During the same period in the previous year, the firm earned $0.88 EPS. On average, equities analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, March 17th. Stock Yards Bancorp’s payout ratio is 29.95%.

Institutional Investors Weigh In On Stock Yards Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYBT. Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of Stock Yards Bancorp in the 4th quarter worth about $749,000. Barclays PLC lifted its position in shares of Stock Yards Bancorp by 137.8% during the 3rd quarter. Barclays PLC now owns 45,801 shares of the bank’s stock worth $2,840,000 after purchasing an additional 26,537 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Stock Yards Bancorp by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,417 shares of the bank’s stock valued at $1,390,000 after purchasing an additional 1,360 shares during the period. Franklin Resources Inc. bought a new position in shares of Stock Yards Bancorp during the 4th quarter worth approximately $1,193,000. Finally, SG Americas Securities LLC acquired a new position in Stock Yards Bancorp in the 4th quarter valued at about $453,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Wall Street Analysts Forecast Growth

SYBT has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their target price on 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. Piper Sandler set a $81.00 price target on Stock Yards Bancorp and gave the company a “neutral” rating in a research note on Thursday. Finally, Stephens lifted their price objective on Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th.

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.