David P. Heintzman Sells 2,000 Shares of Stock Yards Bancorp Inc (NASDAQ:SYBT) Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) Chairman David P. Heintzman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the transaction, the chairman now owns 151,670 shares in the company, valued at approximately $5,975,798. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ SYBT opened at $39.82 on Wednesday. The company has a market cap of $893.20 million, a PE ratio of 14.22 and a beta of 0.75. Stock Yards Bancorp Inc has a 52 week low of $22.98 and a 52 week high of $42.60. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $34.39 and its two-hundred day simple moving average is $35.15.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. Stock Yards Bancorp had a net margin of 31.69% and a return on equity of 15.90%. The business had revenue of $44.98 million for the quarter, compared to the consensus estimate of $44.10 million. As a group, equities research analysts anticipate that Stock Yards Bancorp Inc will post 2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, June 12th. Stock Yards Bancorp’s dividend payout ratio is presently 37.37%.

A number of research analysts have recently weighed in on SYBT shares. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, April 16th. BidaskClub raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Stephens raised shares of Stock Yards Bancorp from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 9th. ValuEngine downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 15th. Finally, TheStreet raised shares of Stock Yards Bancorp from a “c+” rating to a “b” rating in a report on Thursday, June 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Stock Yards Bancorp has a consensus rating of “Hold” and an average price target of $42.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Stock Yards Bancorp by 0.8% during the first quarter. BlackRock Inc. now owns 1,583,741 shares of the bank’s stock valued at $45,817,000 after buying an additional 12,595 shares during the period. Champlain Investment Partners LLC increased its position in shares of Stock Yards Bancorp by 0.5% in the first quarter. Champlain Investment Partners LLC now owns 1,010,352 shares of the bank’s stock worth $29,229,000 after purchasing an additional 4,545 shares during the last quarter. State Street Corp increased its position in shares of Stock Yards Bancorp by 0.7% in the fourth quarter. State Street Corp now owns 442,817 shares of the bank’s stock worth $18,182,000 after purchasing an additional 2,954 shares during the last quarter. Eaton Vance Management increased its position in shares of Stock Yards Bancorp by 0.3% in the fourth quarter. Eaton Vance Management now owns 359,511 shares of the bank’s stock worth $14,762,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Stock Yards Bancorp by 5.4% in the first quarter. Geode Capital Management LLC now owns 327,780 shares of the bank’s stock worth $9,481,000 after purchasing an additional 16,823 shares during the last quarter. Hedge funds and other institutional investors own 52.32% of the company’s stock.

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, 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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