Stock Yards Bancorp Inc (NASDAQ:SYBT) Chairman David P. Heintzman sold 2,000 shares of Stock Yards Bancorp stock in a transaction on Monday, August 19th. The shares were sold at an average price of $36.62, for a total value of $73,240.00. Following the completion of the transaction, the chairman now owns 149,962 shares of the company’s stock, valued at $5,491,608.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:SYBT opened at $36.13 on Thursday. The firm has a market cap of $830.28 million, a PE ratio of 14.93 and a beta of 0.47. The stock has a fifty day moving average price of $36.23 and a 200 day moving average price of $35.23. Stock Yards Bancorp Inc has a 12-month low of $28.02 and a 12-month high of $39.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.11. Stock Yards Bancorp had a return on equity of 16.33% and a net margin of 32.58%. The company had revenue of $43.04 million for the quarter, compared to analysts’ expectations of $42.35 million. Equities analysts forecast that Stock Yards Bancorp Inc will post 2.72 EPS for the current year.
SYBT has been the subject of a number of recent research reports. Zacks Investment Research upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Saturday, August 17th. BidaskClub upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, ValuEngine upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 29th.
Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, money market deposits, and time deposits.
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