Stock Yards Bancorp Inc. (SYBT) Sets New 1-Year High at $29.99
Stock Yards Bancorp Inc. (NASDAQ:SYBT) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $29.99 and last traded at $29.68, with a volume of 22,290 shares changing hands. The stock had previously closed at $29.75.
Separately, Zacks Investment Research cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th.
The firm has a market capitalization of $664.95 million and a PE ratio of 17.24. The stock’s 50-day moving average price is $28.45 and its 200 day moving average price is $26.56.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. On average, equities analysts anticipate that Stock Yards Bancorp Inc. will post $1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Monday, June 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.72 annualized dividend and a yield of 2.44%.
In other Stock Yards Bancorp news, CEO David P. Heintzman sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $28.95, for a total transaction of $144,750.00. Following the completion of the sale, the chief executive officer now owns 166,407 shares of the company’s stock, valued at approximately $4,817,482.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carl G. Herde purchased 1,089 shares of the company’s stock in a transaction on Friday, June 24th. The shares were purchased at an average cost of $27.97 per share, with a total value of $30,459.33. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Stock Yards Bancorp stock. California State Teachers Retirement System boosted its stake in shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,441 shares of the company’s stock after buying an additional 400 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Stock Yards Bancorp worth $1,037,000 as of its most recent filing with the SEC.
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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