Stock Yards Bancorp Inc (NASDAQ:SYBT) – Stock analysts at FIG Partners lifted their FY2019 earnings per share estimates for Stock Yards Bancorp in a research report issued on Tuesday, April 30th, Zacks Investment Research reports. FIG Partners analyst J. Rodis now anticipates that the bank will post earnings per share of $2.59 for the year, up from their previous estimate of $2.50.
Several other equities analysts have also recently commented on SYBT. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. BidaskClub lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, ValuEngine lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.09. Stock Yards Bancorp had a net margin of 31.99% and a return on equity of 16.01%. The company had revenue of $40.72 million during the quarter, compared to analysts’ expectations of $41.10 million.
In other news, Chairman David P. Heintzman sold 5,686 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.64, for a total value of $202,649.04. Following the sale, the chairman now directly owns 150,962 shares in the company, valued at approximately $5,380,285.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David P. Heintzman sold 4,322 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $34.71, for a total transaction of $150,016.62. Following the completion of the sale, the chairman now owns 150,962 shares in the company, valued at $5,239,891.02. The disclosure for this sale can be found here. Insiders bought a total of 472 shares of company stock worth $16,250 over the last 90 days. Company insiders own 8.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new stake in Stock Yards Bancorp during the 4th quarter worth $29,000. Bank of Montreal Can raised its stake in Stock Yards Bancorp by 35.7% during the 4th quarter. Bank of Montreal Can now owns 2,704 shares of the bank’s stock worth $89,000 after acquiring an additional 712 shares in the last quarter. Farmers National Bank acquired a new stake in Stock Yards Bancorp during the 1st quarter worth $94,000. SG Americas Securities LLC acquired a new stake in Stock Yards Bancorp during the 1st quarter worth $117,000. Finally, First Hawaiian Bank acquired a new stake in Stock Yards Bancorp during the 4th quarter worth $114,000. Hedge funds and other institutional investors own 50.95% of the company’s stock.
About Stock Yards Bancorp
Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, money market deposits, and time deposits.
See Also: What is a Lock-Up Period?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stock Yards Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.