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.
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