Stock Yards Bancorp Inc (NASDAQ:SYBT) Chairman David P. Heintzman sold 9,000 shares of Stock Yards Bancorp stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $37.66, for a total transaction of $338,940.00. Following the completion of the sale, the chairman now owns 169,535 shares of the company’s stock, valued at $6,384,688.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ SYBT traded up $0.23 during midday trading on Thursday, reaching $38.22. The company’s stock had a trading volume of 1,902 shares, compared to its average volume of 38,286. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.98 and a current ratio of 0.98. Stock Yards Bancorp Inc has a fifty-two week low of $28.02 and a fifty-two week high of $38.99. The business’s 50 day moving average price is $36.56 and its two-hundred day moving average price is $35.26. The company has a market cap of $840.76 million, a P/E ratio of 15.79 and a beta of 0.49.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.11. Stock Yards Bancorp had a net margin of 32.58% and a return on equity of 16.33%. The company had revenue of $43.04 million during the quarter, compared to the consensus estimate of $42.35 million. Sell-side analysts forecast that Stock Yards Bancorp Inc will post 2.72 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in Stock Yards Bancorp during the second quarter valued at approximately $36,000. Farmers National Bank acquired a new position in Stock Yards Bancorp during the first quarter valued at approximately $94,000. SG Americas Securities LLC acquired a new position in Stock Yards Bancorp during the first quarter valued at approximately $117,000. Russell Investments Group Ltd. acquired a new position in Stock Yards Bancorp during the second quarter valued at approximately $133,000. Finally, Bank of Montreal Can raised its position in Stock Yards Bancorp by 56.9% during the first quarter. Bank of Montreal Can now owns 4,243 shares of the bank’s stock valued at $143,000 after purchasing an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 50.56% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. BidaskClub downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 24th. Finally, Zacks Investment Research upgraded shares of 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.
See Also: Swap
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.