Stock Yards Bancorp Inc. (NASDAQ:SYBT) has been assigned a consensus broker rating score of 3.00 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation.
Brokers have set a one year consensus target price of $29.50 for the company and are predicting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Stock Yards Bancorp an industry rank of 85 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, June 29th.
In other news, VP Nancy B. Davis sold 5,390 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $31.72, for a total transaction of $170,970.80. Following the sale, the vice president now owns 103,734 shares in the company, valued at approximately $3,290,442.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kathy C. Thompson sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $31.86, for a total value of $175,230.00. Following the sale, the insider now owns 42,639 shares in the company, valued at approximately $1,358,478.54. The disclosure for this sale can be found here. Company insiders own 8.40% of the company’s stock.
Large investors have recently made changes to their positions in the company. Societe Generale bought a new stake in shares of Stock Yards Bancorp during the second quarter worth about $104,000. SG Americas Securities LLC bought a new stake in shares of Stock Yards Bancorp during the second quarter worth about $104,000. Schroder Investment Management Group boosted its stake in shares of Stock Yards Bancorp by 12.1% in the second quarter. Schroder Investment Management Group now owns 3,904 shares of the company’s stock worth $110,000 after buying an additional 420 shares in the last quarter. US Bancorp DE boosted its stake in shares of Stock Yards Bancorp by 158.6% in the second quarter. US Bancorp DE now owns 3,926 shares of the company’s stock worth $111,000 after buying an additional 2,408 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Stock Yards Bancorp by 50.0% in the second quarter. Legal & General Group Plc now owns 3,947 shares of the company’s stock worth $110,000 after buying an additional 1,315 shares in the last quarter. Institutional investors own 42.46% of the company’s stock.
Stock Yards Bancorp (NASDAQ:SYBT) traded up 0.71% on Tuesday, reaching $32.44. 16,885 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $31.21 and a 200 day moving average of $28.36. Stock Yards Bancorp has a 12 month low of $22.67 and a 12 month high of $33.97. The stock has a market capitalization of $730.32 million, a PE ratio of 18.94 and a beta of 0.72.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Stock Yards Bancorp had a return on equity of 13.30% and a net margin of 28.15%. Equities analysts predict that Stock Yards Bancorp will post $1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, September 8th. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 41.78%.
Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Company operates through two segments: commercial banking, and investment management and trust. Its commercial banking segment provides a range of loan and deposit products to individual consumers and businesses.
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