Insider Selling: S.Y. Bancorp EVP Unloads 3,780 Shares of Stock (SYBT)
S.Y. Bancorp (NASDAQ:SYBT) EVP Gregory Hoeck unloaded 3,780 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $30.50, for a total transaction of $115,290.00. Following the completion of the sale, the executive vice president now directly owns 21,870 shares in the company, valued at approximately $667,035. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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, October 24th. 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, October 24th.
Shares of S.Y. Bancorp (NASDAQ:SYBT) traded down 0.33% during mid-day trading on Wednesday, hitting $30.43. The stock had a trading volume of 10,771 shares. S.Y. Bancorp has a 1-year low of $20.86 and a 1-year high of $28.46. The stock’s 50-day moving average is $27. and its 200-day moving average is $24.59. The company has a market cap of $442.8 million and a P/E ratio of 15.74.
S.Y. Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results 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. On average, analysts predict that S.Y. Bancorp will post $1.97 earnings per share for the current fiscal year.
S.Y. Bancorp, Inc (NASDAQ:SYBT) is a bank holding company of Stock Yards Bank & Trust Company (the Bank).
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