Michael Rehm Sells 1,250 Shares of Stock Yards Bancorp Inc (NASDAQ:SYBT) Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) EVP Michael Rehm sold 1,250 shares of Stock Yards Bancorp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.08, for a total transaction of $50,100.00. Following the transaction, the executive vice president now owns 9,427 shares of the company’s stock, valued at $377,834.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of SYBT stock traded up $0.32 during trading hours on Friday, hitting $40.97. 1,786 shares of the company’s stock traded hands, compared to its average volume of 38,215. Stock Yards Bancorp Inc has a 12-month low of $28.02 and a 12-month high of $41.43. The stock has a market cap of $918.60 million, a price-to-earnings ratio of 16.89 and a beta of 0.49. The stock’s fifty day simple moving average is $38.54 and its two-hundred day simple moving average is $36.46. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. Stock Yards Bancorp had a net margin of 33.17% and a return on equity of 16.75%. The company had revenue of $45.37 million during the quarter, compared to analyst estimates of $43.45 million. On average, equities analysts forecast that Stock Yards Bancorp Inc will post 2.82 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. purchased a new position in Stock Yards Bancorp in the 2nd quarter worth approximately $333,000. SeaCrest Wealth Management LLC raised its holdings in Stock Yards Bancorp by 9.0% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 8,078 shares of the bank’s stock worth $292,000 after acquiring an additional 667 shares during the last quarter. Heartland Advisors Inc. raised its holdings in Stock Yards Bancorp by 72.6% in the 2nd quarter. Heartland Advisors Inc. now owns 244,551 shares of the bank’s stock worth $8,841,000 after acquiring an additional 102,832 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Stock Yards Bancorp in the 3rd quarter worth approximately $283,000. Finally, Aperio Group LLC raised its holdings in Stock Yards Bancorp by 20.4% in the 2nd quarter. Aperio Group LLC now owns 13,533 shares of the bank’s stock worth $489,000 after acquiring an additional 2,297 shares during the last quarter. Institutional investors own 51.35% of the company’s stock.

SYBT has been the subject of several recent research reports. ValuEngine lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. Zacks Investment Research lowered shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, BidaskClub lowered shares of Stock Yards Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 16th.

About Stock Yards Bancorp

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, money market deposits, and time deposits.

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Insider Buying and Selling by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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