Stock Yards Bancorp (SYBT) Getting Somewhat Favorable News Coverage, Analysis Finds

Media coverage about Stock Yards Bancorp (NASDAQ:SYBT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Stock Yards Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.3670577431873 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Separately, Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th.

Stock Yards Bancorp (NASDAQ SYBT) opened at $39.05 on Friday. The stock has a market capitalization of $902.29, a price-to-earnings ratio of 20.95 and a beta of 0.68. Stock Yards Bancorp has a fifty-two week low of $31.90 and a fifty-two week high of $48.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $37.27 million during the quarter, compared to analyst estimates of $37.81 million. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. During the same period last year, the business posted $0.46 earnings per share. research analysts anticipate that Stock Yards Bancorp will post 1.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a $0.21 dividend. The ex-dividend date is Friday, December 8th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.15%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 42.11%.

In related news, insider Kathy C. Thompson sold 2,284 shares of Stock Yards Bancorp stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.62, for a total value of $90,492.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathy C. Thompson sold 3,324 shares of Stock Yards Bancorp stock in a transaction on Monday, November 20th. The shares were sold at an average price of $38.10, for a total value of $126,644.40. Following the completion of the transaction, the insider now owns 40,440 shares of the company’s stock, valued at $1,540,764. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 299 shares of company stock valued at $10,996 and sold 10,338 shares valued at $391,155. Company insiders own 6.20% of the company’s stock.

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About Stock Yards Bancorp

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.

Insider Buying and Selling by Quarter for Stock Yards Bancorp (NASDAQ:SYBT)

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