Insider Selling: Stock Yards Bancorp Inc (NASDAQ:SYBT) Insider Sells 1,500 Shares of Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) insider Kathy C. Thompson sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $34.04, for a total transaction of $51,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Stock Yards Bancorp stock opened at $36.15 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.13. Stock Yards Bancorp Inc has a 12-month low of $28.02 and a 12-month high of $39.55. The company’s fifty day moving average is $34.53. The firm has a market cap of $809.52 million, a P/E ratio of 14.94 and a beta of 0.44.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, April 24th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $41.10 million. On average, analysts anticipate that Stock Yards Bancorp Inc will post 2.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.25. Stock Yards Bancorp’s payout ratio is presently 42.98%.

A number of brokerages have recently issued reports on SYBT. BidaskClub upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, ValuEngine upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday.

Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in Stock Yards Bancorp during the 4th quarter valued at $29,000. Bank of Montreal Can increased 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 valued at $89,000 after purchasing an additional 712 shares in the last quarter. Farmers National Bank bought a new stake in Stock Yards Bancorp during the 1st quarter valued at $94,000. SG Americas Securities LLC bought a new stake in Stock Yards Bancorp during the 1st quarter valued at $117,000. Finally, First Hawaiian Bank increased its stake in Stock Yards Bancorp by 28.4% during the 1st quarter. First Hawaiian Bank now owns 4,470 shares of the bank’s stock valued at $151,000 after purchasing an additional 990 shares in the last quarter. Institutional investors own 50.20% of the company’s stock.

Stock Yards Bancorp Company Profile

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.

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Insider Buying and Selling by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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