Stock Yards Bancorp Inc. (SYBT) Reaches New 12-Month High at $30.16
Shares of Stock Yards Bancorp Inc. (NASDAQ:SYBT) reached a new 52-week high during trading on Monday . The stock traded as high as $30.16 and last traded at $30.16, with a volume of 19,119 shares changing hands. The stock had previously closed at $29.89.
Separately, Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th.
The company’s 50 day moving average is $29.27 and its 200-day moving average is $27.20. The stock has a market cap of $678.99 million and a PE ratio of 17.61.
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 analysts’ consensus estimates of $0.42 by $0.03. On average, equities research analysts forecast that Stock Yards Bancorp Inc. will post $1.77 earnings per share for the current 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. The ex-dividend date is Thursday, September 8th. This represents a $0.72 annualized dividend and a yield of 2.39%.
In other Stock Yards Bancorp news, CEO David P. Heintzman sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 166,407 shares in the company, valued at approximately $4,817,482.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Poindexter sold 2,703 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $27.90, for a total transaction of $75,413.70. The disclosure for this sale can be found here.
A hedge fund recently raised its stake 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 institutional investor 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 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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