David P. Heintzman Sells 10,000 Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Stock

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Director David P. Heintzman sold 10,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.08, for a total transaction of $730,800.00. Following the sale, the director now directly owns 87,070 shares of the company’s stock, valued at approximately $6,363,075.60. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Stock Yards Bancorp Stock Up 0.2 %

Stock Yards Bancorp stock opened at $73.38 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day moving average is $64.52 and its 200-day moving average is $56.62. The firm has a market capitalization of $2.16 billion, a PE ratio of 20.16 and a beta of 0.81. Stock Yards Bancorp, Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $77.82.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. The business had revenue of $130.52 million during the quarter, compared to the consensus estimate of $87.57 million. Stock Yards Bancorp had a return on equity of 12.00% and a net margin of 21.62%. Sell-side analysts anticipate that Stock Yards Bancorp, Inc. will post 3.76 earnings per share for the current year.

Analyst Ratings Changes

SYBT has been the subject of a number of research reports. Piper Sandler raised their price objective on Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $64.00 price target (up from $54.00) on shares of Stock Yards Bancorp in a research report on Thursday, July 25th. Hovde Group downgraded shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $67.00 to $68.00 in a research note on Thursday, October 24th. Finally, Stephens cut Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $70.00 to $76.00 in a report on Friday. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SYBT. Stock Yards Bank & Trust Co. increased its position in Stock Yards Bancorp by 0.8% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 1,223,176 shares of the bank’s stock valued at $60,755,000 after acquiring an additional 9,573 shares during the period. Champlain Investment Partners LLC grew its stake in Stock Yards Bancorp by 4.5% during the first quarter. Champlain Investment Partners LLC now owns 1,168,256 shares of the bank’s stock worth $57,139,000 after purchasing an additional 50,730 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Stock Yards Bancorp by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 936,919 shares of the bank’s stock valued at $46,536,000 after acquiring an additional 24,856 shares in the last quarter. State Street Corp grew its stake in shares of Stock Yards Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 778,497 shares of the bank’s stock valued at $48,506,000 after buying an additional 15,156 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Stock Yards Bancorp by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 636,744 shares of the bank’s stock worth $39,480,000 after purchasing an additional 5,391 shares in the last quarter. 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.