Shares of Stock Yards Bancorp Inc (NASDAQ:SYBT) have been given a consensus broker rating score of 3.67 (Sell) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and two have issued a hold recommendation on the company.
Brokers have set a twelve-month consensus target price of $40.50 for the company and are predicting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Stock Yards Bancorp an industry rank of 54 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th.
In other news, CEO David P. Heintzman sold 938 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $42.65, for a total transaction of $40,005.70. Following the transaction, the chief executive officer now owns 163,308 shares of the company’s stock, valued at approximately $6,965,086.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David P. Heintzman sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $40.31, for a total transaction of $40,310.00. Following the transaction, the chief executive officer now directly owns 170,309 shares in the company, valued at approximately $6,865,155.79. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 229 shares of company stock worth $10,103. 8.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC boosted its position in shares of Stock Yards Bancorp by 2.8% in the third quarter. River Road Asset Management LLC now owns 525,151 shares of the bank’s stock valued at $17,309,000 after buying an additional 14,330 shares during the last quarter. Chicago Equity Partners LLC boosted its position in shares of Stock Yards Bancorp by 2.3% in the third quarter. Chicago Equity Partners LLC now owns 23,100 shares of the bank’s stock valued at $761,000 after buying an additional 530 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Stock Yards Bancorp by 0.3% in the third quarter. Wells Fargo & Company MN now owns 22,935 shares of the bank’s stock valued at $756,000 after buying an additional 63 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Stock Yards Bancorp by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 263,589 shares of the bank’s stock valued at $8,688,000 after buying an additional 1,323 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in shares of Stock Yards Bancorp during the third quarter valued at $209,000. 39.96% of the stock is currently owned by hedge funds and other institutional investors.
Stock Yards Bancorp (NASDAQ:SYBT) traded up 1.13% during trading on Monday, hitting $40.10. 37,109 shares of the company’s stock were exchanged. The firm has a market cap of $907.90 million, a price-to-earnings ratio of 22.28 and a beta of 0.71. Stock Yards Bancorp has a 12-month low of $25.99 and a 12-month high of $48.05. The company’s 50-day moving average price is $41.23 and its 200 day moving average price is $41.51.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Thursday, January 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Stock Yards Bancorp had a net margin of 28.16% and a return on equity of 13.48%. The company had revenue of $36.39 million for the quarter, compared to analysts’ expectations of $35.70 million. Equities analysts forecast that Stock Yards Bancorp will post $1.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 13th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 9th. This represents a $0.76 annualized dividend and a yield of 1.92%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 42.14%.
About Stock Yards Bancorp
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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