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 Stock Yards Bancorp stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.08, for a total value 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 trade represents a 10.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stock Yards Bancorp Stock Up 0.0 %

Shares of Stock Yards Bancorp stock opened at $73.39 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. Stock Yards Bancorp, Inc. has a 52-week low of $42.35 and a 52-week high of $77.82. The company’s 50 day moving average price is $65.12 and its 200-day moving average price is $56.99. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 20.16 and a beta of 0.81.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. The firm had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $87.57 million. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.00%. Equities research analysts forecast that Stock Yards Bancorp, Inc. will post 3.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SYBT. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $64.00 target price (up previously from $54.00) on shares of Stock Yards Bancorp in a research report on Thursday, July 25th. Hovde Group lowered shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $67.00 to $68.00 in a report on Thursday, October 24th. Piper Sandler increased their target price on shares of Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens downgraded shares of Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $70.00 to $76.00 in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, Stock Yards Bancorp has an average rating of “Hold” and a consensus target price of $69.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Stock Yards Bancorp during the second quarter valued at approximately $45,000. Quantbot Technologies LP boosted its holdings in Stock Yards Bancorp by 151.2% in the third quarter. Quantbot Technologies LP now owns 2,271 shares of the bank’s stock valued at $141,000 after acquiring an additional 1,367 shares in the last quarter. FMR LLC increased its position in Stock Yards Bancorp by 7.5% during the 3rd quarter. FMR LLC now owns 2,400 shares of the bank’s stock valued at $149,000 after purchasing an additional 167 shares during the period. Wesbanco Bank Inc. bought a new position in Stock Yards Bancorp in the 3rd quarter worth $206,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Stock Yards Bancorp in the 3rd quarter worth about $219,000. 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.