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.
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