Kathy C. Thompson Sells 2,500 Shares of Stock Yards Bancorp Inc (SYBT) Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) insider Kathy C. Thompson sold 2,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.33, for a total transaction of $98,325.00. Following the transaction, the insider now owns 39,940 shares of the company’s stock, valued at $1,570,840.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kathy C. Thompson also recently made the following trade(s):

  • On Friday, October 27th, Kathy C. Thompson sold 2,284 shares of Stock Yards Bancorp stock. The shares were sold at an average price of $39.62, for a total transaction of $90,492.08.

Stock Yards Bancorp Inc (NASDAQ:SYBT) opened at $39.10 on Wednesday. The company has a market cap of $895.81, a price-to-earnings ratio of 20.71 and a beta of 0.68. Stock Yards Bancorp Inc has a one year low of $31.90 and a one year high of $48.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Stock Yards Bancorp had a net margin of 28.57% and a return on equity of 13.51%. The company had revenue of $37.27 million during the quarter, compared to analysts’ expectations of $37.81 million. During the same quarter in the prior year, the company posted $0.46 EPS. equities analysts predict that Stock Yards Bancorp Inc will post 1.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a $0.21 dividend. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.15%. Stock Yards Bancorp’s dividend payout ratio is currently 44.21%.

Several hedge funds have recently made changes to their positions in SYBT. Walthausen & Co. LLC raised its stake in shares of Stock Yards Bancorp by 15.6% in the 3rd quarter. Walthausen & Co. LLC now owns 319,448 shares of the bank’s stock valued at $12,139,000 after buying an additional 43,160 shares in the last quarter. State Street Corp raised its stake in shares of Stock Yards Bancorp by 4.8% in the 2nd quarter. State Street Corp now owns 415,829 shares of the bank’s stock valued at $16,181,000 after buying an additional 19,091 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Stock Yards Bancorp by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 915,298 shares of the bank’s stock valued at $35,604,000 after buying an additional 16,902 shares in the last quarter. Formidable Asset Management LLC raised its stake in shares of Stock Yards Bancorp by 13.7% in the 2nd quarter. Formidable Asset Management LLC now owns 129,307 shares of the bank’s stock valued at $5,030,000 after buying an additional 15,550 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Stock Yards Bancorp by 170.6% in the 2nd quarter. Citadel Advisors LLC now owns 24,026 shares of the bank’s stock valued at $935,000 after buying an additional 15,146 shares in the last quarter. Institutional investors own 47.71% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, December 6th. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

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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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