Stock Yards Bancorp Inc (NASDAQ:SYBT) Director Carl G. Herde bought 5,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $30.75 per share, with a total value of $153,750.00. Following the purchase, the director now directly owns 31,182 shares of the company’s stock, valued at approximately $958,846.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:SYBT traded down $0.39 during mid-day trading on Tuesday, reaching $30.07. The stock had a trading volume of 3,898 shares, compared to its average volume of 35,405. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The company has a market cap of $678.51 million, a P/E ratio of 15.74 and a beta of 0.52. Stock Yards Bancorp Inc has a twelve month low of $29.69 and a twelve month high of $41.90.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, October 24th. The bank reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The firm had revenue of $39.95 million during the quarter, compared to analyst estimates of $40.95 million. Stock Yards Bancorp had a net margin of 27.08% and a return on equity of 15.25%. During the same quarter in the previous year, the business earned $0.51 EPS. Analysts expect that Stock Yards Bancorp Inc will post 2.39 EPS for the current year.
A number of large investors have recently made changes to their positions in SYBT. Russell Investments Group Ltd. increased its holdings in Stock Yards Bancorp by 116.7% in the third quarter. Russell Investments Group Ltd. now owns 4,026 shares of the bank’s stock valued at $146,000 after buying an additional 2,168 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in Stock Yards Bancorp in the second quarter valued at about $206,000. Sigma Planning Corp purchased a new position in Stock Yards Bancorp in the second quarter valued at about $251,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Stock Yards Bancorp in the second quarter valued at about $283,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Stock Yards Bancorp by 44.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 8,618 shares of the bank’s stock valued at $303,000 after buying an additional 2,642 shares in the last quarter. Hedge funds and other institutional investors own 48.00% of the company’s stock.
A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Saturday, July 28th. Finally, ValuEngine downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.00.
Stock Yards 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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