Insider Selling: S.Y. Bancorp VP Unloads 1,500 Shares of Stock (SYBT)
S.Y. Bancorp (NASDAQ:SYBT) VP Nancy Davis sold 1,500 shares of the stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $30.21, for a total value of $45,315.00. Following the sale, the vice president now directly owns 57,270 shares of the company’s stock, valued at approximately $1,730,127. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
S.Y. Bancorp (NASDAQ:SYBT) traded up 1.82% on Friday, hitting $30.84. 24,946 shares of the company’s stock traded hands. S.Y. Bancorp has a 52-week low of $20.86 and a 52-week high of $28.46. The stock has a 50-day moving average of $27. and a 200-day moving average of $24.59. The company has a market cap of $448.1 million and a price-to-earnings ratio of 16.11.
S.Y. Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.04.
A number of research firms have recently commented on SYBT. Analysts at DA Davidson raised their price target on shares of S.Y. Bancorp from $33.00 to $34.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Hilliard Lyons downgraded shares of S.Y. Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday.
S.Y. Bancorp, Inc (NASDAQ:SYBT) is a bank holding company of Stock Yards Bank & Trust Company (the Bank).
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