Media coverage about Stock Yards Bancorp (NASDAQ:SYBT) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Stock Yards Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.7903642964508 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
Stock Yards Bancorp (NASDAQ:SYBT) opened at $35.90 on Wednesday. The company has a market cap of $820.98, a PE ratio of 18.95 and a beta of 0.62. Stock Yards Bancorp has a fifty-two week low of $31.90 and a fifty-two week high of $46.35. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15.
Several analysts have recently issued reports on SYBT shares. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price target on shares of Stock Yards Bancorp in a report on Friday, January 26th.
In related news, Director Paul J. Bickel III bought 2,510 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were acquired at an average cost of $38.15 per share, for a total transaction of $95,756.50. Following the purchase, the director now directly owns 4,250 shares of the company’s stock, valued at $162,137.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathy C. Thompson sold 2,500 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.33, for a total transaction of $98,325.00. Following the completion of the transaction, the insider now owns 39,940 shares in the company, valued at $1,570,840.20. The disclosure for this sale can be found here. Insiders have purchased a total of 2,671 shares of company stock worth $102,008 over the last quarter. 6.20% of the stock is currently owned by insiders.
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Stock Yards Bancorp Company Profile
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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