Kathy C. Thompson Sells 1,816 Shares of Stock Yards Bancorp, Inc. (SYBT) Stock
Stock Yards Bancorp, Inc. (NASDAQ:SYBT) insider Kathy C. Thompson sold 1,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.20, for a total transaction of $63,923.20. Following the sale, the insider now directly owns 40,161 shares in the company, valued at approximately $1,413,667.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) traded down 0.85% during mid-day trading on Thursday, reaching $35.00. 1,433 shares of the company’s stock traded hands. Stock Yards Bancorp, Inc. has a one year low of $29.22 and a one year high of $48.05. The firm has a market cap of $793.07 million, a price-to-earnings ratio of 19.02 and a beta of 0.66. The firm’s 50-day moving average is $37.25 and its 200 day moving average is $40.17.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $36.91 million for the quarter, compared to analysts’ expectations of $37.06 million. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.11%. Analysts predict that Stock Yards Bancorp, Inc. will post $1.90 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of SYBT. BNP Paribas Arbitrage SA raised its position in Stock Yards Bancorp by 784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock worth $120,000 after buying an additional 2,745 shares during the period. US Bancorp DE raised its position in Stock Yards Bancorp by 1.2% in the second quarter. US Bancorp DE now owns 3,973 shares of the bank’s stock worth $155,000 after buying an additional 47 shares during the period. Victory Capital Management Inc. purchased a new position in Stock Yards Bancorp during the first quarter worth $159,000. SG Americas Securities LLC purchased a new position in Stock Yards Bancorp during the first quarter worth $194,000. Finally, Schroder Investment Management Group raised its position in Stock Yards Bancorp by 32.7% in the first quarter. Schroder Investment Management Group now owns 5,386 shares of the bank’s stock worth $222,000 after buying an additional 1,327 shares during the period. Hedge funds and other institutional investors own 48.62% of the company’s stock.
SYBT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 29th. Hilliard Lyons upgraded shares of Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Thursday, May 25th. Finally, BidaskClub cut shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
About Stock Yards Bancorp
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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