David P. Heintzman Sells 3,500 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 3,500 shares of Stock Yards Bancorp stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $78.10, for a total value of $273,350.00. Following the completion of the transaction, the director now owns 21,411 shares of the company’s stock, valued at approximately $1,672,199.10. This represents a 14.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Stock Yards Bancorp Trading Down 1.2 %

SYBT opened at $76.87 on Thursday. Stock Yards Bancorp, Inc. has a one year low of $42.35 and a one year high of $79.79. The stock has a market capitalization of $2.26 billion, a PE ratio of 21.37 and a beta of 0.81. The business’s 50 day moving average price is $66.73 and its 200 day moving average price is $57.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. Stock Yards Bancorp had a return on equity of 12.00% and a net margin of 21.62%. The company had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $87.57 million. As a group, equities research analysts expect that Stock Yards Bancorp, Inc. will post 3.76 EPS for the current year.

Stock Yards Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, December 16th. Stock Yards Bancorp’s dividend payout ratio is currently 34.07%.

Wall Street Analyst Weigh In

SYBT has been the subject of several recent analyst reports. Hovde Group lowered Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $67.00 to $68.00 in a research note on Thursday, October 24th. Stephens cut Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $70.00 to $76.00 in a report on Friday, November 15th. Finally, Piper Sandler boosted their target price on Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.25.

Institutional Trading of Stock Yards Bancorp

A number of large investors have recently modified their holdings of SYBT. Stock Yards Bank & Trust Co. increased its holdings in Stock Yards Bancorp by 0.8% in the second quarter. Stock Yards Bank & Trust Co. now owns 1,223,176 shares of the bank’s stock valued at $60,755,000 after buying an additional 9,573 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stock Yards Bancorp by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 936,919 shares of the bank’s stock worth $46,536,000 after buying an additional 24,856 shares during the period. State Street Corp boosted its stake in shares of Stock Yards Bancorp by 2.0% during the third quarter. State Street Corp now owns 778,497 shares of the bank’s stock worth $48,506,000 after buying an additional 15,156 shares during the period. Geode Capital Management LLC boosted its stake in shares of Stock Yards Bancorp by 0.9% during the third quarter. Geode Capital Management LLC now owns 636,744 shares of the bank’s stock worth $39,480,000 after buying an additional 5,391 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Stock Yards Bancorp during the third quarter worth about $30,255,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Company Profile

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.