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.
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.
WARNING: “Stock Yards Bancorp (SYBT) Upgraded at BidaskClub” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2018/02/05/stock-yards-bancorp-sybt-upgraded-at-bidaskclub.html.
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.
Receive News & Ratings for Stock Yards Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.