ValuEngine upgraded shares of S.Y. Bancorp (NASDAQ:SYBT) from a sell rating to a hold rating in a report published on Saturday.
Several other analysts also recently weighed in on SYBT. Zacks Investment Research downgraded shares of S.Y. Bancorp from a buy rating to a hold rating in a report on Wednesday, February 14th. Keefe, Bruyette & Woods restated a hold rating and issued a $40.00 price target on shares of S.Y. Bancorp in a research note on Friday, January 26th. BidaskClub downgraded shares of S.Y. Bancorp from a hold rating to a sell rating in a research note on Saturday, January 20th. Finally, FIG Partners upgraded shares of S.Y. Bancorp from a market perform rating to an outperform rating in a research note on Monday, March 26th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. S.Y. Bancorp currently has a consensus rating of Hold and an average target price of $39.00.
S.Y. Bancorp traded up $0.30, reaching $39.00, during trading on Friday, according to MarketBeat.com. The company’s stock had a trading volume of 72,600 shares, compared to its average volume of 67,333. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. S.Y. Bancorp has a 1 year low of $31.90 and a 1 year high of $41.90. The firm has a market capitalization of $882.00 million, a price-to-earnings ratio of 20.42 and a beta of 0.64.
S.Y. Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, April 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $38.22 million during the quarter, compared to the consensus estimate of $38.43 million. S.Y. Bancorp had a net margin of 25.54% and a return on equity of 13.98%. equities analysts anticipate that S.Y. Bancorp will post 2.32 earnings per share for the current fiscal year.
In related news, Director Carl G. Herde purchased 3,000 shares of S.Y. Bancorp stock in a transaction that occurred on Monday, March 19th. The stock was purchased at an average cost of $36.05 per share, with a total value of $108,150.00. Following the completion of the transaction, the director now directly owns 25,090 shares in the company, valued at $904,494.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Bickel III purchased 871 shares of S.Y. Bancorp stock in a transaction that occurred on Monday, March 26th. The stock was bought at an average cost of $34.82 per share, with a total value of $30,328.22. Following the completion of the transaction, the director now owns 5,475 shares of the company’s stock, valued at $190,639.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 6,282 shares of company stock valued at $226,169. Corporate insiders own 6.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in S.Y. Bancorp by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,541,618 shares of the bank’s stock valued at $58,121,000 after purchasing an additional 18,775 shares during the period. Champlain Investment Partners LLC increased its stake in shares of S.Y. Bancorp by 12.8% during the fourth quarter. Champlain Investment Partners LLC now owns 886,876 shares of the bank’s stock worth $33,435,000 after acquiring an additional 100,720 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of S.Y. Bancorp by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 841,352 shares of the bank’s stock worth $29,531,000 after acquiring an additional 32,306 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of S.Y. Bancorp by 10.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 312,263 shares of the bank’s stock worth $11,772,000 after acquiring an additional 28,512 shares during the period. Finally, Northern Trust Corp increased its stake in shares of S.Y. Bancorp by 1.0% during the first quarter. Northern Trust Corp now owns 285,596 shares of the bank’s stock worth $10,024,000 after acquiring an additional 2,809 shares during the period. Institutional investors own 48.35% of the company’s stock.
S.Y. Bancorp Company Profile
Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits.
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