Stock Yards Bancorp Inc. (SYBT) Hits New 1-Year High at $29.99
Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) 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. The stock had previously closed at $29.75.
Separately, Zacks Investment Research cut Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th.
The firm has a 50-day moving average price of $28.40 and a 200-day moving average price of $26.53. The company has a market capitalization of $664.00 million and a PE ratio of 17.66.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, July 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. On average, equities analysts forecast that Stock Yards Bancorp Inc. will post $1.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Monday, June 13th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, June 9th.
In related news, CEO David P. Heintzman sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $28.95, for a total value of $144,750.00. Following the completion of the sale, the chief executive officer now directly owns 166,407 shares of the company’s stock, valued at approximately $4,817,482.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President James A. Hillebrand sold 1,064 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $28.23, for a total value of $30,036.72. Following the completion of the sale, the president now directly owns 49,410 shares of the company’s stock, valued at $1,394,844.30. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Stock Yards Bancorp stock. Dimensional Fund Advisors LP increased its position in shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,362 shares of the company’s stock after buying an additional 20,538 shares during the period. Dimensional Fund Advisors LP owned approximately 3.05% of Stock Yards Bancorp worth $17,208,000 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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