Stock Yards Bancorp Inc (NASDAQ:SYBT) Director Buys $95,756.50 in Stock

Stock Yards Bancorp Inc (NASDAQ:SYBT) Director Paul J. Bickel III bought 2,510 shares of Stock Yards Bancorp stock in a transaction that occurred on Tuesday, December 26th. The shares were acquired at an average price of $38.15 per share, for a total transaction of $95,756.50. Following the completion of the transaction, the director now directly owns 4,250 shares of the company’s stock, valued at approximately $162,137.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Stock Yards Bancorp Inc (SYBT) opened at $38.55 on Friday. The company has a market capitalization of $879.62, a PE ratio of 20.29 and a beta of 0.69. 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 Inc has a 12 month low of $31.90 and a 12 month high of $47.15.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. The company had revenue of $37.27 million during the quarter, compared to analyst estimates of $37.81 million. During the same period in the prior year, the firm posted $0.46 earnings per share. sell-side analysts anticipate that Stock Yards Bancorp Inc will post 1.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were paid a $0.21 dividend. The ex-dividend date was Friday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.20. Stock Yards Bancorp’s dividend payout ratio (DPR) is 44.21%.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in shares of Stock Yards Bancorp by 784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock valued at $120,000 after buying an additional 2,745 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Stock Yards Bancorp in the third quarter valued at about $118,000. Victory Capital Management Inc. grew its stake in shares of Stock Yards Bancorp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,596 shares of the bank’s stock valued at $179,000 after buying an additional 687 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Stock Yards Bancorp by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,741 shares of the bank’s stock valued at $223,000 after buying an additional 46 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Stock Yards Bancorp in the third quarter valued at about $233,000. Institutional investors and hedge funds own 47.71% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub lowered 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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