Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Given Average Rating of “Hold” by Brokerages

Stock Yards Bancorp, Inc. (NASDAQ:SYBTGet Free Report) has been given a consensus rating of “Hold” by the four ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $50.00.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 target price (up from $53.00) on shares of Stock Yards Bancorp in a research report on Thursday, April 25th.

View Our Latest Analysis on SYBT

Stock Yards Bancorp Price Performance

Shares of SYBT opened at $53.89 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $48.01 and its 200-day simple moving average is $47.34. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.14 and a beta of 0.83. Stock Yards Bancorp has a twelve month low of $36.93 and a twelve month high of $54.67.

Stock Yards Bancorp (NASDAQ:SYBTGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. Stock Yards Bancorp had a net margin of 22.86% and a return on equity of 12.51%. The company had revenue of $83.44 million for the quarter, compared to analyst estimates of $83.00 million. Equities analysts forecast that Stock Yards Bancorp will post 3.48 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Monday, June 17th. Stock Yards Bancorp’s dividend payout ratio is presently 33.71%.

Insider Buying and Selling at Stock Yards Bancorp

In related news, Director David P. Heintzman sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $47.05, for a total value of $141,150.00. Following the completion of the sale, the director now owns 113,070 shares in the company, valued at $5,319,943.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Stock Yards Bancorp by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,786,710 shares of the bank’s stock worth $91,998,000 after purchasing an additional 33,906 shares during the period. Norges Bank purchased a new position in Stock Yards Bancorp in the fourth quarter valued at about $9,100,000. GSA Capital Partners LLP acquired a new stake in shares of Stock Yards Bancorp during the 1st quarter valued at approximately $863,000. RMB Capital Management LLC boosted its stake in shares of Stock Yards Bancorp by 49.7% during the 4th quarter. RMB Capital Management LLC now owns 223,236 shares of the bank’s stock worth $11,494,000 after acquiring an additional 74,132 shares in the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new stake in shares of Stock Yards Bancorp during the 4th quarter worth approximately $3,226,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

About Stock Yards Bancorp

(Get Free Report

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.

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