Stock Yards Bancorp Inc. (NASDAQ:SYBT)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $28.60, but opened at $28.67. Stock Yards Bancorp shares last traded at $29.30, with a volume of 25,728 shares.

Separately, Zacks Investment Research lowered Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th.

The firm has a market cap of $664.45 million and a P/E ratio of 17.67. The company has a 50-day moving average price of $28.37 and a 200-day moving average price of $26.50.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, July 20th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. On average, equities research analysts expect that Stock Yards Bancorp Inc. will post $1.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Monday, June 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.44%.

In other Stock Yards Bancorp news, EVP Philip Poindexter sold 2,703 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $27.90, for a total transaction of $75,413.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President James A. Hillebrand sold 7,936 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $28.44, for a total value of $225,699.84. Following the transaction, the president now owns 56,261 shares in the company, valued at approximately $1,600,062.84. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Stock Yards Bancorp stock. California State Teachers Retirement System increased its position in Stock Yards Bancorp Inc. (NASDAQ:SYBT) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,441 shares of the company’s stock after buying an additional 400 shares during the period. California State Teachers Retirement System owned 0.18% of Stock Yards Bancorp worth $1,037,000 at the end of the most recent quarter.

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Company operates through two segments: commercial banking, and investment management and trust. Its commercial banking segment provides a range of loan and deposit products to individual consumers and businesses.

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