Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Get Rating) EVP Kathy C. Thompson sold 1,715 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $75.71, for a total value of $129,842.65. Following the completion of the transaction, the executive vice president now directly owns 21,670 shares of the company’s stock, valued at $1,640,635.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Stock Yards Bancorp Stock Up 0.9 %
Stock Yards Bancorp stock opened at $73.90 on Tuesday. The stock has a market capitalization of $2.16 billion, a PE ratio of 23.92 and a beta of 0.69. Stock Yards Bancorp, Inc. has a 12 month low of $50.83 and a 12 month high of $78.71. The business has a 50 day simple moving average of $71.11 and a 200-day simple moving average of $64.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.80.
Stock Yards Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were given a $0.29 dividend. The ex-dividend date was Friday, September 16th. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. Stock Yards Bancorp’s payout ratio is 37.54%.
Institutional Trading of Stock Yards Bancorp
Wall Street Analyst Weigh In
A number of research analysts have issued reports on SYBT shares. StockNews.com raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Stephens boosted their price target on Stock Yards Bancorp from $74.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday, October 27th.
Stock Yards Bancorp Company Profile
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 mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services.
- Get a free copy of the StockNews.com research report on Stock Yards Bancorp (SYBT)
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