Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman Sells 3,000 Shares of Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 3,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $47.05, for a total value of $141,150.00. Following the completion of the transaction, the director now directly owns 113,070 shares of the company’s stock, valued at approximately $5,319,943.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Stock Yards Bancorp Stock Down 0.4 %

Stock Yards Bancorp stock opened at $46.77 on Tuesday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 13.14 and a beta of 0.83. The stock has a fifty day simple moving average of $45.57 and a two-hundred day simple moving average of $46.55. Stock Yards Bancorp, Inc. has a 12 month low of $36.93 and a 12 month high of $53.15. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, March 15th. Stock Yards Bancorp’s payout ratio is 33.71%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Hovde Group assumed coverage on Stock Yards Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating for the company. Piper Sandler began coverage on Stock Yards Bancorp in a research report on Wednesday, March 6th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $54.00 price objective (up previously from $53.00) on shares of Stock Yards Bancorp in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.00.

Institutional Trading of Stock Yards Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of SYBT. Signaturefd LLC boosted its stake in shares of Stock Yards Bancorp by 121.7% in the 4th quarter. Signaturefd LLC now owns 1,530 shares of the bank’s stock worth $79,000 after buying an additional 840 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Stock Yards Bancorp by 70.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,931 shares of the bank’s stock worth $99,000 after buying an additional 799 shares during the last quarter. Covestor Ltd boosted its stake in shares of Stock Yards Bancorp by 58.2% in the 3rd quarter. Covestor Ltd now owns 3,384 shares of the bank’s stock worth $133,000 after buying an additional 1,245 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Stock Yards Bancorp in the 4th quarter worth $165,000. Finally, Quantbot Technologies LP purchased a new position in shares of Stock Yards Bancorp in the 1st quarter worth $195,000. Institutional investors own 56.46% of the company’s stock.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.