Stock Yards Bancorp, Inc. (NASDAQ:SYBT) CEO David P. Heintzman sold 1,264 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.55, for a total value of $49,991.20. Following the sale, the chief executive officer now owns 165,809 shares of the company’s stock, valued at approximately $6,557,745.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $37.27 million for the quarter, compared to analysts’ expectations of $37.81 million. Stock Yards Bancorp had a net margin of 28.57% and a return on equity of 13.66%. During the same period last year, the firm posted $0.46 earnings per share.
SYBT has been the subject of a number of recent research reports. BidaskClub downgraded Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of Stock Yards Bancorp by 784.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock worth $120,000 after purchasing an additional 2,745 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Stock Yards Bancorp during the first quarter worth $159,000. US Bancorp DE boosted its position in shares of Stock Yards Bancorp by 1.2% during the second quarter. US Bancorp DE now owns 3,973 shares of the bank’s stock worth $155,000 after purchasing an additional 47 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Stock Yards Bancorp during the first quarter worth $194,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Stock Yards Bancorp by 0.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,502 shares of the bank’s stock worth $224,000 after purchasing an additional 15 shares in the last quarter. 48.04% of the stock is currently owned by institutional investors.
Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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