Stock Yards Bancorp Inc. (NASDAQ:SYBT) insider Philip Poindexter sold 3,150 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $44.05, for a total value of $138,757.50. Following the sale, the insider now directly owns 21,624 shares in the company, valued at $952,537.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Stock Yards Bancorp Inc. (NASDAQ:SYBT) traded down 2.617% during midday trading on Monday, hitting $42.605. 24,599 shares of the stock traded hands. The company has a market cap of $961.81 million, a P/E ratio of 24.166 and a beta of 0.63. The company’s 50 day moving average is $36.39 and its 200-day moving average is $31.34. Stock Yards Bancorp Inc. has a one year low of $22.67 and a one year high of $44.35.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Stock Yards Bancorp had a net margin of 28.18% and a return on equity of 13.36%. On average, equities research analysts forecast that Stock Yards Bancorp Inc. will post $1.79 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Monday, December 12th will be paid a $0.19 dividend. The ex-dividend date is Thursday, December 8th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. Stock Yards Bancorp’s payout ratio is currently 40.68%.
Several research firms have recently issued reports on SYBT. Zacks Investment Research raised shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, November 1st. Hilliard Lyons lowered shares of Stock Yards Bancorp from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 27th.
A number of hedge funds and other institutional investors have recently bought and sold shares of SYBT. Societe Generale acquired a new position in Stock Yards Bancorp during the second quarter worth approximately $104,000. SG Americas Securities LLC acquired a new position in Stock Yards Bancorp during the second quarter worth approximately $104,000. Schroder Investment Management Group raised its position in Stock Yards Bancorp by 12.1% in the second quarter. Schroder Investment Management Group now owns 3,904 shares of the company’s stock worth $110,000 after buying an additional 420 shares in the last quarter. Legal & General Group Plc raised its position in Stock Yards Bancorp by 50.0% in the second quarter. Legal & General Group Plc now owns 3,947 shares of the company’s stock worth $110,000 after buying an additional 1,315 shares in the last quarter. Finally, US Bancorp DE raised its position in Stock Yards Bancorp by 158.6% in the second quarter. US Bancorp DE now owns 3,926 shares of the company’s stock worth $111,000 after buying an additional 2,408 shares in the last quarter. Institutional investors own 43.50% of the company’s stock.
About Stock Yards Bancorp