Insider Selling: Stock Yards Bancorp (NASDAQ:SYBT) Director Sells $588,756.67 in Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director Laura Wells sold 6,823 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $86.29, for a total value of $588,756.67. Following the completion of the sale, the director directly owned 9,580 shares in the company, valued at approximately $826,658.20. This trade represents a 41.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Stock Yards Bancorp Trading Down 0.7%

NASDAQ:SYBT opened at $84.80 on Thursday. The firm has a market capitalization of $2.50 billion, a P/E ratio of 16.89 and a beta of 0.68. The business has a 50 day simple moving average of $77.22 and a 200 day simple moving average of $71.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Stock Yards Bancorp, Inc. has a 12-month low of $61.51 and a 12-month high of $89.21.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, July 29th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.23. Stock Yards Bancorp had a return on equity of 13.93% and a net margin of 25.41%.The firm had revenue of $114.71 million for the quarter, compared to analyst estimates of $111.66 million. Equities research analysts predict that Stock Yards Bancorp, Inc. will post 5.14 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a $0.32 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.28 annualized dividend and a yield of 1.5%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 25.50%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SYBT shares. Wall Street Zen upgraded shares of Stock Yards Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stock Yards Bancorp in a research report on Friday, July 10th. Stephens set a $87.00 price objective on Stock Yards Bancorp and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Hovde Group cut Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $82.00 to $90.00 in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods lifted their target price on Stock Yards Bancorp from $82.00 to $94.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.00.

Institutional Investors Weigh In On Stock Yards Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of Stock Yards Bancorp by 44.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,056 shares of the bank’s stock valued at $310,000 after purchasing an additional 1,255 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Stock Yards Bancorp by 24.9% in the 1st quarter. Quantinno Capital Management LP now owns 9,518 shares of the bank’s stock worth $631,000 after purchasing an additional 1,898 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Stock Yards Bancorp in the 1st quarter worth approximately $247,000. Arrowstreet Capital Limited Partnership acquired a new stake in Stock Yards Bancorp during the first quarter valued at approximately $1,677,000. Finally, Sei Investments Co. lifted its stake in Stock Yards Bancorp by 182.6% during the first quarter. Sei Investments Co. now owns 55,087 shares of the bank’s stock valued at $3,652,000 after purchasing an additional 35,592 shares during the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.