Stock Yards Bancorp (NASDAQ:SYBT) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.45 and traded as high as $76.49. Stock Yards Bancorp shares last traded at $73.45, with a volume of 148,900 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Piper Sandler reissued a “neutral” rating and set a $78.00 target price (up from $76.00) on shares of Stock Yards Bancorp in a report on Monday, April 27th. Hovde Group raised Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, March 6th. Keefe, Bruyette & Woods increased their target price on Stock Yards Bancorp from $80.00 to $81.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Zacks Research lowered Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings raised Stock Yards Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stock Yards Bancorp currently has an average rating of “Hold” and an average price target of $76.00.

Stock Yards Bancorp Stock Down 2.8%

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $2.17 billion, a P/E ratio of 15.11 and a beta of 0.69. The stock has a 50-day moving average price of $71.38 and a 200-day moving average price of $68.45.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%.The company had revenue of $102.63 million during the quarter, compared to the consensus estimate of $108.18 million. On average, research analysts predict that Stock Yards Bancorp, Inc. will post 5.1 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 26.34%.

Insider Buying and Selling

In other Stock Yards Bancorp news, President Philip Poindexter sold 1,221 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $70.68, for a total value of $86,300.28. Following the completion of the sale, the president owned 53,376 shares of the company’s stock, valued at approximately $3,772,615.68. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Stock Yards Bancorp by 0.9% in the third quarter. Vanguard Group Inc. now owns 1,945,817 shares of the bank’s stock valued at $136,188,000 after purchasing an additional 17,055 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in Stock Yards Bancorp by 37.7% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 1,338,377 shares of the bank’s stock worth $86,928,000 after acquiring an additional 366,475 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Stock Yards Bancorp by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 187,691 shares of the bank’s stock worth $12,191,000 after acquiring an additional 816 shares during the period. Bank of America Corp DE lifted its holdings in Stock Yards Bancorp by 47.2% during the third quarter. Bank of America Corp DE now owns 183,724 shares of the bank’s stock worth $12,859,000 after acquiring an additional 58,942 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Stock Yards Bancorp by 691.5% during the fourth quarter. Marshall Wace LLP now owns 178,002 shares of the bank’s stock worth $11,561,000 after acquiring an additional 155,512 shares during the period. Institutional investors own 56.46% of the company’s stock.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.