Stock Yards Bancorp, Inc. (NASDAQ:SYBT) EVP Kathy C. Thompson Sells 1,715 Shares

Stock Yards Bancorp, Inc. (NASDAQ:SYBTGet 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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eaton Vance Management increased its position in shares of Stock Yards Bancorp by 0.3% during the third quarter. Eaton Vance Management now owns 288,283 shares of the bank’s stock worth $19,606,000 after purchasing an additional 905 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Stock Yards Bancorp during the third quarter worth approximately $231,000. Sigma Planning Corp increased its position in shares of Stock Yards Bancorp by 2.9% during the third quarter. Sigma Planning Corp now owns 5,363 shares of the bank’s stock worth $365,000 after purchasing an additional 150 shares in the last quarter. Credit Suisse AG increased its position in shares of Stock Yards Bancorp by 31.3% during the third quarter. Credit Suisse AG now owns 24,225 shares of the bank’s stock worth $1,648,000 after purchasing an additional 5,773 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Stock Yards Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 762,406 shares of the bank’s stock worth $51,852,000 after purchasing an additional 12,251 shares in the last quarter. 49.98% of the stock is currently owned by hedge funds and other institutional investors.

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

(Get Rating)

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.

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