Kathy C. Thompson Sells 3,324 Shares of Stock Yards Bancorp Inc (SYBT) Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) insider Kathy C. Thompson sold 3,324 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $38.10, for a total transaction of $126,644.40. Following the sale, the insider now owns 40,440 shares in the company, valued at $1,540,764. The sale was disclosed in a filing with the SEC, which is available at this link.

Kathy C. Thompson also recently made the following trade(s):

  • On Friday, October 27th, Kathy C. Thompson sold 2,284 shares of Stock Yards Bancorp stock. The shares were sold at an average price of $39.62, for a total transaction of $90,492.08.

Shares of Stock Yards Bancorp Inc (SYBT) opened at $39.30 on Friday. Stock Yards Bancorp Inc has a 52-week low of $31.90 and a 52-week high of $48.05. The firm has a market cap of $879.62, a P/E ratio of 20.42 and a beta of 0.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a net margin of 28.57% and a return on equity of 13.51%. The firm had revenue of $37.27 million during the quarter, compared to analysts’ expectations of $37.81 million. During the same quarter in the prior year, the company earned $0.46 EPS. research analysts expect that Stock Yards Bancorp Inc will post 1.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, December 8th. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.20. Stock Yards Bancorp’s dividend payout ratio is presently 42.11%.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Stock Yards Bancorp by 1.9% during the second quarter. Vanguard Group Inc. now owns 915,298 shares of the bank’s stock valued at $35,604,000 after acquiring an additional 16,902 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Stock Yards Bancorp by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 800,868 shares of the bank’s stock valued at $30,432,000 after acquiring an additional 11,455 shares during the last quarter. State Street Corp lifted its position in Stock Yards Bancorp by 4.8% during the second quarter. State Street Corp now owns 415,829 shares of the bank’s stock valued at $16,181,000 after acquiring an additional 19,091 shares during the last quarter. Walthausen & Co. LLC lifted its position in Stock Yards Bancorp by 15.6% during the third quarter. Walthausen & Co. LLC now owns 319,448 shares of the bank’s stock valued at $12,139,000 after acquiring an additional 43,160 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Stock Yards Bancorp by 4.7% during the second quarter. Northern Trust Corp now owns 314,214 shares of the bank’s stock valued at $12,223,000 after acquiring an additional 14,194 shares during the last quarter. 47.71% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday.

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About Stock Yards Bancorp

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.

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

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