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.

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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.

Insider Buying and Selling by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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