Insider Selling: Stock Yards Bancorp Inc (NASDAQ:SYBT) EVP Sells 970 Shares of Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) EVP Michael Croce sold 970 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $38.09, for a total transaction of $36,947.30. Following the completion of the transaction, the executive vice president now owns 12,686 shares of the company’s stock, valued at approximately $483,209.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ SYBT traded down $0.07 on Friday, hitting $38.19. The stock had a trading volume of 54,300 shares, compared to its average volume of 43,570. The company’s 50-day moving average is $36.56 and its two-hundred day moving average is $35.26. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The stock has a market cap of $876.92 million, a price-to-earnings ratio of 15.77 and a beta of 0.49. Stock Yards Bancorp Inc has a one year low of $28.02 and a one year high of $38.74.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data 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 business had revenue of $43.04 million during the quarter, compared to analysts’ expectations of $42.35 million. Stock Yards Bancorp had a net margin of 32.58% and a return on equity of 16.33%. On average, sell-side analysts anticipate that Stock Yards Bancorp Inc will post 2.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, September 13th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 42.98%.

Several research analysts have commented on SYBT shares. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Saturday, August 17th. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 24th. Finally, ValuEngine upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 29th.

Several institutional investors have recently bought and sold shares of SYBT. Public Employees Retirement System of Ohio bought a new position in shares of Stock Yards Bancorp in the second quarter valued at approximately $36,000. Farmers National Bank bought a new position in shares of Stock Yards Bancorp in the first quarter valued at approximately $94,000. SG Americas Securities LLC bought a new position in shares of Stock Yards Bancorp in the first quarter valued at approximately $117,000. Russell Investments Group Ltd. bought a new position in shares of Stock Yards Bancorp in the second quarter valued at approximately $133,000. Finally, Bank of Montreal Can boosted its holdings in shares of Stock Yards Bancorp by 56.9% in the first quarter. Bank of Montreal Can now owns 4,243 shares of the bank’s stock valued at $143,000 after acquiring an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 50.56% 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.

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

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