Kathy C. Thompson sells 5,403 shares of Stock Yards Bancorp, Inc. (NASDAQ: SYBT)

Stock Yards Bancorp, Inc. (NASDAQ: SYBT – Get a rating) Executive Vice President Kathy C. Thompson sold 5,403 shares in a trade dated Friday, July 29. The stock was sold at an average price of $69.00, for a total transaction of $372,807.00. Following the transaction, the executive vice president now directly owns 21,600 shares of the company, valued at approximately $1,490,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.

Stock Yards Bancorp Stock Yield

The NASDAQ SYBT traded down $0.46 during Monday trading hours, hitting $69.61. The company’s shares had a trading volume of 162,377 shares, compared to an average volume of 77,422. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt ratio of 0, 03. The company has a 50-day simple moving average of $60.42 and a 200-day simple moving average of $57.01. Stock Yards Bancorp, Inc. has a 52-week low of $46.59 and a 52-week high of $69.63. The stock has a market capitalization of $2.03 billion, a PE ratio of 23.20 and a beta of 0.71.

Stock Yards Bancorp (NASDAQ:SYBT – Get a rating) last announced its quarterly results on Wednesday, July 27. The bank reported EPS of $0.91 for the quarter, beating the consensus estimate of $0.86 by $0.05. Stock Yards Bancorp had a net margin of 29.35% and a return on equity of 14.72%. Equity research analysts expect Stock Yards Bancorp, Inc. to post 3.83 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Monday, June 20 received a dividend of $0.28. The ex-dividend date was Thursday, June 16. This represents an annualized dividend of $1.12 and a dividend yield of 1.61%. Stock Yards Bancorp’s payout ratio is currently 37.58%.

Institutional investors weigh in on Stock Yards Bancorp

Several large investors have recently changed their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Stock Yards Bancorp shares by 0.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,805,073 shares of the bank valued at $115,308,000 after purchasing an additional 6,497 shares during the period. Dimensional Fund Advisors LP increased its stake in Stock Yards Bancorp shares by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 749,013 shares of the bank valued at $39,623,000 after purchasing an additional 2,642 shares during the period. Neuberger Berman Group LLC increased its stake in Stock Yards Bancorp shares by 10.2% in the first quarter. Neuberger Berman Group LLC now owns 642,985 shares of the bank valued at $34,014,000 after purchasing an additional 59,436 shares during the period. State Street Corp increased its stake in Stock Yards Bancorp shares by 3.5% in the first quarter. State Street Corp now owns 478,203 shares of the bank valued at $25,429,000 after purchasing an additional 16,094 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Stock Yards Bancorp shares by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 449,919 shares of the bank valued at $23,801,000 after acquiring an additional 31,010 shares during the period. Institutional investors and hedge funds hold 51.96% of the company’s shares.

Changes to analyst ratings

SYBT has been the subject of several research analyst reports. Hovde Group launched a hedge on Stock Yards Bancorp shares in a Wednesday May 18 research report. They set a “market performance” rating on the stock. Piper Sandler launched a hedge on Stock Yards Bancorp shares in a Wednesday, July 13 report. They issued a “neutral” rating and a target price of $65.00 on the stock. To finish, StockNews.com cut shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Friday.

Stock Yards Bancorp Company Profile

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Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company which provides various financial services to individuals, businesses and others in the United States. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment offers mortgage and deposit banking services; retail, business and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, cash management, trade, international banking, correspondent banking and other banking services.

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