Stock Yards Bancorp Inc. (SYBT) Sets New 1-Year High at $32.01
Stock Yards Bancorp Inc. (NASDAQ:SYBT) reached a new 52-week high during trading on Monday . The company traded as high as $32.01 and last traded at $31.25, with a volume of 11,373 shares changing hands. The stock had previously closed at $30.89.
Separately, Zacks Investment Research upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, June 29th.
The company’s 50 day moving average price is $29.65 and its 200-day moving average price is $27.42. The company has a market capitalization of $702.18 million and a price-to-earnings ratio of 18.21.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, July 27th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Analysts expect that Stock Yards Bancorp Inc. will post $1.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 8th.
In related news, Director Carl G. Herde bought 1,089 shares of the business’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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Philip Poindexter sold 2,703 shares of Stock Yards Bancorp stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $27.90, for a total value of $75,413.70. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Stock Yards Bancorp stock. Schwab Charles Investment Management Inc. increased its stake in Stock Yards Bancorp Inc. (NASDAQ:SYBT) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,403 shares of the company’s stock after buying an additional 4,969 shares during the period. Schwab Charles Investment Management Inc. owned about 0.34% of Stock Yards Bancorp worth $1,905,000 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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