Stock Yards Bancorp (SYBT) Upgraded at BidaskClub

Stock Yards Bancorp (NASDAQ:SYBT) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 target price on shares of Stock Yards Bancorp in a report on Friday, January 26th.

Shares of Stock Yards Bancorp (NASDAQ:SYBT) traded down $0.75 during trading hours on Monday, hitting $35.25. 78,079 shares of the stock traded hands, compared to its average volume of 41,227. The stock has a market capitalization of $799.14, a P/E ratio of 21.36 and a beta of 0.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Stock Yards Bancorp has a 1-year low of $31.90 and a 1-year high of $46.35.

In related news, insider Kathy C. Thompson sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.33, for a total value of $98,325.00. Following the completion of the sale, the insider now owns 39,940 shares in the company, valued at $1,570,840.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy C. Thompson sold 3,324 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $38.10, for a total transaction of $126,644.40. Following the completion of the sale, the insider now owns 40,440 shares of the company’s stock, valued at approximately $1,540,764. The disclosure for this sale can be found here. In the last ninety days, insiders bought 2,671 shares of company stock worth $102,008. Insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SYBT. SG Americas Securities LLC acquired a new stake in shares of Stock Yards Bancorp in the third quarter valued at about $118,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Stock Yards Bancorp in the fourth quarter valued at about $206,000. GSA Capital Partners LLP acquired a new stake in shares of Stock Yards Bancorp in the third quarter valued at about $233,000. Highbridge Capital Management LLC acquired a new stake in shares of Stock Yards Bancorp in the third quarter valued at about $246,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Stock Yards Bancorp in the second quarter valued at about $261,000. Hedge funds and other institutional investors own 47.68% of the company’s stock.

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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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