David P. Heintzman Sells 7,659 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 7,659 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $65.98, for a total transaction of $505,340.82. Following the completion of the sale, the director now owns 99,411 shares of the company’s stock, valued at $6,559,137.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Stock Yards Bancorp Stock Down 0.8 %

Shares of NASDAQ:SYBT opened at $65.43 on Thursday. Stock Yards Bancorp, Inc. has a 12-month low of $38.40 and a 12-month high of $67.72. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.98 and a beta of 0.82. The stock has a fifty day simple moving average of $61.50 and a two-hundred day simple moving average of $54.25. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. Stock Yards Bancorp had a return on equity of 12.20% and a net margin of 21.62%. The firm had revenue of $130.52 million during the quarter, compared to analyst estimates of $87.57 million. On average, research analysts anticipate that Stock Yards Bancorp, Inc. will post 3.75 earnings per share for the current fiscal year.

Stock Yards Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a dividend of $0.31 per share. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. Stock Yards Bancorp’s dividend payout ratio is presently 34.07%.

Wall Street Analyst Weigh In

SYBT has been the subject of a number of research analyst reports. Piper Sandler raised their target price on Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $64.00 price objective (up previously from $54.00) on shares of Stock Yards Bancorp in a research report on Thursday, July 25th. Hovde Group downgraded shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $67.00 to $68.00 in a research report on Thursday, October 24th. Finally, Stephens lifted their price target on shares of Stock Yards Bancorp from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.75.

Institutional Investors Weigh In On Stock Yards Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Stock Yards Bancorp by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,786,710 shares of the bank’s stock valued at $91,998,000 after purchasing an additional 33,906 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Stock Yards Bancorp by 34.3% during the first quarter. Diversified Trust Co now owns 9,910 shares of the bank’s stock valued at $485,000 after purchasing an additional 2,530 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Stock Yards Bancorp by 21.5% during the first quarter. BNP Paribas Financial Markets now owns 24,531 shares of the bank’s stock valued at $1,200,000 after buying an additional 4,342 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Stock Yards Bancorp by 10.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 141,907 shares of the bank’s stock worth $6,941,000 after buying an additional 13,445 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Stock Yards Bancorp in the 1st quarter worth about $863,000. 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.