Carl G. Herde Acquires 3,000 Shares of Stock Yards Bancorp Inc (SYBT) Stock
Stock Yards Bancorp Inc (NASDAQ:SYBT) Director Carl G. Herde acquired 3,000 shares of Stock Yards Bancorp stock in a transaction on Monday, March 19th. The shares were purchased at an average price of $36.05 per share, for a total transaction of $108,150.00. Following the completion of the purchase, the director now directly owns 25,090 shares of the company’s stock, valued at $904,494.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Stock Yards Bancorp stock traded up $0.05 during trading on Monday, reaching $35.90. 70,634 shares of the company’s stock were exchanged, compared to its average volume of 49,980. The firm has a market capitalization of $814.34, a P/E ratio of 21.66 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. Stock Yards Bancorp Inc has a 12-month low of $31.90 and a 12-month high of $44.50.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $38.57 million for the quarter, compared to analyst estimates of $38.01 million. Stock Yards Bancorp had a return on equity of 13.38% and a net margin of 24.39%. research analysts forecast that Stock Yards Bancorp Inc will post 2.27 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in shares of Stock Yards Bancorp by 33.8% in the 3rd quarter. Wells Fargo & Company MN now owns 33,506 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 8,456 shares in the last quarter. Walthausen & Co. LLC boosted 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 purchasing an additional 43,160 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Stock Yards Bancorp by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 97,023 shares of the bank’s stock valued at $3,687,000 after purchasing an additional 5,135 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stock Yards Bancorp by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 800,868 shares of the bank’s stock valued at $30,432,000 after purchasing an additional 11,455 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Stock Yards Bancorp in the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 48.15% of the company’s stock.
SYBT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, December 6th. BidaskClub downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price objective on shares of Stock Yards Bancorp in a research note on Friday, January 26th.
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Stock Yards Bancorp Company Profile
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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