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.
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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