Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) Director David P. Heintzman sold 3,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $47.05, for a total value of $141,150.00. Following the transaction, the director now directly owns 113,070 shares in the company, valued at approximately $5,319,943.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Stock Yards Bancorp Stock Down 0.4 %
Stock Yards Bancorp stock opened at $46.77 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $45.57 and a two-hundred day moving average of $46.55. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.14 and a beta of 0.83. Stock Yards Bancorp, Inc. has a twelve month low of $36.93 and a twelve month high of $53.15.
Stock Yards Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.57%. Stock Yards Bancorp's dividend payout ratio is currently 33.71%.
Analyst Upgrades and Downgrades
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Several equities research analysts have weighed in on SYBT shares. Piper Sandler started coverage on Stock Yards Bancorp in a report on Wednesday, March 6th. They set a "neutral" rating and a $52.00 price target on the stock. Hovde Group started coverage on Stock Yards Bancorp in a report on Monday, March 4th. They issued an "outperform" rating on the stock. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $54.00 price target (up previously from $53.00) on shares of Stock Yards Bancorp in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $50.00.
Read Our Latest Stock Analysis on Stock Yards Bancorp
Institutional Trading of Stock Yards Bancorp
Several hedge funds have recently modified their holdings of SYBT. Norges Bank acquired a new position in Stock Yards Bancorp during the fourth quarter worth $9,100,000. Meridian Wealth Management LLC increased its position in Stock Yards Bancorp by 1,976.9% during the fourth quarter. Meridian Wealth Management LLC now owns 117,384 shares of the bank's stock worth $6,044,000 after buying an additional 111,732 shares in the last quarter. RMB Capital Management LLC increased its position in Stock Yards Bancorp by 49.7% during the fourth quarter. RMB Capital Management LLC now owns 223,236 shares of the bank's stock worth $11,494,000 after buying an additional 74,132 shares in the last quarter. Barlow Wealth Partners Inc. purchased a new position in Stock Yards Bancorp during the fourth quarter worth $3,226,000. Finally, Dimensional Fund Advisors LP increased its position in Stock Yards Bancorp by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 905,258 shares of the bank's stock worth $46,612,000 after buying an additional 35,851 shares in the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.
Stock Yards Bancorp Company Profile
(
Get Free Report)
Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.
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