Stock Yards Bancorp, Inc. (NASDAQ:SYBT) EVP William Dishman Sells 2,802 Shares of Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) EVP William Dishman sold 2,802 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $78.10, for a total transaction of $218,836.20. Following the sale, the executive vice president now directly owns 31,594 shares in the company, valued at $2,467,491.40. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Stock Yards Bancorp Price Performance

Shares of Stock Yards Bancorp stock opened at $76.99 on Thursday. Stock Yards Bancorp, Inc. has a 52-week low of $46.70 and a 52-week high of $79.85. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.60 and a beta of 0.72. The company has a fifty day moving average of $74.41 and a 200-day moving average of $72.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.94 and a current ratio of 0.94.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.13. The business had revenue of $93.63 million during the quarter, compared to analysts’ expectations of $92.90 million. Stock Yards Bancorp had a net margin of 23.34% and a return on equity of 13.02%. During the same quarter in the prior year, the company posted $0.88 EPS. Equities research analysts expect that Stock Yards Bancorp, Inc. will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.24 annualized dividend and a yield of 1.61%. Stock Yards Bancorp’s payout ratio is currently 29.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler set a $81.00 target price on shares of Stock Yards Bancorp and gave the stock a “neutral” rating in a report on Thursday, April 24th. Stephens boosted their price target on shares of Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 24th. Wall Street Zen cut shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods cut their price target on shares of Stock Yards Bancorp from $84.00 to $80.00 and set a “market perform” rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Stock Yards Bancorp currently has an average rating of “Hold” and an average price target of $77.25.

Institutional Investors Weigh In On Stock Yards Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in Stock Yards Bancorp by 164.5% during the 4th quarter. Covestor Ltd now owns 373 shares of the bank’s stock valued at $27,000 after buying an additional 232 shares during the period. Jones Financial Companies Lllp raised its holdings in Stock Yards Bancorp by 1,077.5% in the 4th quarter. Jones Financial Companies Lllp now owns 471 shares of the bank’s stock worth $34,000 after purchasing an additional 431 shares in the last quarter. Principal Securities Inc. raised its holdings in Stock Yards Bancorp by 115.6% in the 4th quarter. Principal Securities Inc. now owns 485 shares of the bank’s stock worth $35,000 after purchasing an additional 260 shares in the last quarter. Sterling Capital Management LLC increased its stake in Stock Yards Bancorp by 806.7% during the 4th quarter. Sterling Capital Management LLC now owns 807 shares of the bank’s stock valued at $58,000 after purchasing an additional 718 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Stock Yards Bancorp by 126.2% during the 4th quarter. Allworth Financial LP now owns 846 shares of the bank’s stock valued at $63,000 after purchasing an additional 472 shares in the last quarter. 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.