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

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

Stock Yards Bancorp Stock Down 0.3 %

Shares of SYBT opened at $46.64 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.37 billion, a P/E ratio of 13.10 and a beta of 0.83. The company’s 50-day moving average price is $45.60 and its 200 day moving average price is $46.60. Stock Yards Bancorp, Inc. has a 12-month low of $36.93 and a 12-month high of $53.15.

Stock Yards Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC raised its stake in Stock Yards Bancorp by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 23,104 shares of the bank’s stock worth $1,189,000 after acquiring an additional 302 shares in the last quarter. Raymond James & Associates increased its position in shares of Stock Yards Bancorp by 3.7% during the fourth quarter. Raymond James & Associates now owns 8,775 shares of the bank’s stock worth $452,000 after purchasing an additional 314 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Stock Yards Bancorp by 1.2% in the 3rd quarter. Swiss National Bank now owns 61,323 shares of the bank’s stock valued at $2,409,000 after purchasing an additional 700 shares during the last quarter. Baldwin Brothers LLC MA boosted its position in shares of Stock Yards Bancorp by 6.2% in the 4th quarter. Baldwin Brothers LLC MA now owns 12,030 shares of the bank’s stock valued at $619,000 after purchasing an additional 700 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Stock Yards Bancorp by 70.6% during the fourth 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 period. Institutional investors and hedge funds own 56.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.