Stock Yards Bancorp Inc (NASDAQ:SYBT) CEO James A. Hillebrand sold 2,450 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $37.15, for a total value of $91,017.50. Following the completion of the sale, the chief executive officer now owns 77,686 shares in the company, valued at $2,886,034.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of SYBT stock traded up $0.02 during trading on Wednesday, reaching $37.40. The company’s stock had a trading volume of 1,017 shares, compared to its average volume of 38,286. Stock Yards Bancorp Inc has a one year low of $28.02 and a one year high of $38.99. The business has a fifty day moving average price of $36.51 and a 200-day moving average price of $35.26. The company has a market cap of $840.76 million, a price-to-earnings ratio of 15.55 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.22.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. The firm had revenue of $43.04 million for the quarter, compared to analyst estimates of $42.35 million. Stock Yards Bancorp had a net margin of 32.58% and a return on equity of 16.33%. Research analysts anticipate that Stock Yards Bancorp Inc will post 2.72 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYBT. Bank of Montreal Can raised its position in Stock Yards Bancorp by 12.6% during the second quarter. Bank of Montreal Can now owns 4,777 shares of the bank’s stock valued at $172,000 after purchasing an additional 534 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Stock Yards Bancorp by 9.0% in the second quarter. SeaCrest Wealth Management LLC now owns 8,078 shares of the bank’s stock worth $292,000 after purchasing an additional 667 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Stock Yards Bancorp by 0.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 124,719 shares of the bank’s stock worth $4,509,000 after buying an additional 792 shares in the last quarter. Swiss National Bank lifted its position in shares of Stock Yards Bancorp by 2.0% in the second quarter. Swiss National Bank now owns 40,223 shares of the bank’s stock worth $1,454,000 after buying an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Stock Yards Bancorp during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 50.56% of the company’s stock.
A number of research firms recently issued reports on SYBT. BidaskClub downgraded Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 24th. ValuEngine upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Zacks Investment Research raised Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Saturday, August 17th.
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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