Stock Yards Bancorp Inc (NASDAQ:SYBT) Chairman Sells $73,240.00 in Stock

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.

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Stock Yards Bancorp in the second quarter valued at $36,000. Farmers National Bank acquired a new stake in Stock Yards Bancorp in the first quarter valued at $94,000. SG Americas Securities LLC acquired a new stake in Stock Yards Bancorp in the first quarter valued at $117,000. Russell Investments Group Ltd. acquired a new stake in Stock Yards Bancorp in the second quarter valued at $133,000. Finally, Bank of Montreal Can raised its stake in Stock Yards Bancorp by 56.9% in the first quarter. Bank of Montreal Can now owns 4,243 shares of the bank’s stock valued at $143,000 after buying an additional 1,539 shares in the last quarter. Institutional investors own 50.35% of the company’s stock.

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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