Stock Yards Bancorp (NASDAQ:SYBT) Stock price crosses above the 200-day moving average of $57.28

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Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Get Rating) rose above its 200-day moving average during Friday’s trading. The stock has a 200-day moving average of $57.28 and is trading as low as $59.83. Shares of Stock Yards Bancorp last traded at $59.57, with volume traded at 398,367 shares.

Several equity research analysts have recently weighed in on SYBT shares. StockNews.com upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a Monday, May 2 research rating. Hovde Group began covering Stock Yards Bancorp in a research note on Wednesday May 18. They set a “market performance” rating for the company.

The company has a market capitalization of $1.74 billion, a price-earnings ratio of 26.59 and a beta of 0.70. The company has a 50-day simple moving average of $55.56 and a 200-day simple moving average of $57.26. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt ratio of 0.03.

Stock Yards Bancorp (NASDAQ:SYBT – Get Rating) last released its quarterly results on Wednesday, April 27. The bank reported EPS of $0.29 for the quarter, missing the consensus estimate of $0.44 per ($0.15). Stock Yards Bancorp had a return on equity of 14.63% and a net margin of 23.13%. As a group, research analysts expect Stock Yards Bancorp, Inc. to post EPS of 3.78 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Monday, June 20 will receive a dividend of $0.28 per share. This represents an annualized dividend of $1.12 and a yield of 1.88%. The ex-dividend date is Thursday, June 16. Stock Yards Bancorp’s dividend payout ratio (DPR) is 50.00%.

In related news, Executive Vice President Kathy C. Thompson sold 2,000 shares of Stock Yards Bancorp in a trade that took place on Wednesday, May 25. The stock was sold at an average price of $57.18, for a total value of $114,360.00. Following the sale, the executive vice president now directly owns 26,925 shares of the company, valued at $1,539,571.50. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, Executive Vice President Kathy C. Thompson sold 4,949 shares of Stock Yards Bancorp in a trade that took place on Friday, June 3. The shares were sold at an average price of $60.62, for a total value of $300,008.38. Following the completion of the sale, the executive vice president now owns 24,567 shares of the company, valued at $1,489,251.54. The disclosure of this sale can be found here. Insiders hold 4.20% of the shares of the company.

Institutional investors have recently been buying and selling shares of the stock. Invesco Ltd. increased its stake in Stock Yards Bancorp shares by 10.1% in the third quarter. Invesco Ltd. now owns 29,773 shares of the bank valued at $1,747,000 after purchasing an additional 2,733 shares last quarter. Aptus Capital Advisors LLC increased its position in Stock Yards Bancorp by 23.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 41,659 shares of the bank worth $2,661,000 after purchasing an additional 7,938 shares last quarter. Qube Research & Technologies Ltd increased its position in Stock Yards Bancorp by 35.4% during the fourth quarter. Qube Research & Technologies Ltd now owns 18,313 shares in the bank worth $1,170,000 after buying an additional 4,791 shares last quarter. First Trust Advisors LP increased its position in Stock Yards Bancorp by 7.3% during the fourth quarter. First Trust Advisors LP now owns 12,337 shares of the bank worth $788,000 after buying 841 more shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Stock Yards Bancorp by 18.3% during the third quarter. California State Teachers Retirement System now owns 33,705 shares of the bank worth $1,977,000 after buying 5,205 additional shares last quarter. Hedge funds and other institutional investors hold 51.96% of the company’s shares.

Stock Yards Bancorp Company Profile (NASDAQ:SYBT)

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company which provides various financial services to individuals, businesses and others in the United States. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment offers mortgage and deposit banking services; retail, business and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, cash management, trade, international banking, correspondent banking and other banking services.

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