Stock Yards Bancorp Inc. (SYBT) Reaches New 52-Week High at $30.09
Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) reached a new 52-week high during trading on Friday . The stock traded as high as $30.09 and last traded at $29.99, with a volume of 25,455 shares changing hands. The stock had previously closed at $29.06.
Separately, Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th.
The stock’s 50-day moving average price is $28.67 and its 200 day moving average price is $26.75. The firm has a market cap of $675.75 million and a PE ratio of 17.52.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Equities analysts predict that Stock Yards Bancorp Inc. will post $1.76 EPS for the current year.
In other Stock Yards Bancorp news, President James A. Hillebrand sold 1,064 shares of Stock Yards Bancorp stock in a transaction dated Wednesday, June 8th. The shares were 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 owns 49,410 shares in the company, valued at approximately $1,394,844.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David P. Heintzman sold 3,000 shares of Stock Yards Bancorp stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $28.07, for a total transaction of $84,210.00. Following the completion of the sale, the chief executive officer now owns 164,407 shares of the company’s stock, valued at approximately $4,614,904.49. 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 raised its stake in Stock Yards Bancorp Inc. (NASDAQ:SYBT) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 27,441 shares of the company’s stock after buying an additional 400 shares during the period. California State Teachers Retirement System owned about 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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