Stock Yards Bancorp (SYBT) Receives News Sentiment Score of 0.08
Media headlines about Stock Yards Bancorp (NASDAQ:SYBT) have been trending somewhat positive recently, AlphaOne reports. The research firm, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stock Yards Bancorp earned a news impact score of 0.08 on AlphaOne’s scale. AlphaOne also gave news articles about the bank an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s rankings:
- ETFs with exposure to Stock Yards Bancorp, Inc. : June 15, 2017 (finance.yahoo.com)
- Stock Yards Bancorp, Inc. (SYBT) CEO Sells $99,988.35 in Stock (americanbankingnews.com)
- Stock Yards Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : SYBT-US : June 12, 2017 (finance.yahoo.com)
- $37.06 Million in Sales Expected for Stock Yards Bancorp Inc (SYBT) This Quarter (americanbankingnews.com)
A number of brokerages have recently issued reports on SYBT. Hilliard Lyons upgraded Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Thursday, May 25th. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 15th.
Shares of Stock Yards Bancorp (NASDAQ SYBT) traded down 1.43% on Friday, hitting $37.90. The stock had a trading volume of 85,131 shares. The firm has a 50 day moving average of $38.39 and a 200 day moving average of $42.26. Stock Yards Bancorp has a 12 month low of $26.53 and a 12 month high of $48.05. The stock has a market cap of $858.81 million, a P/E ratio of 20.71 and a beta of 0.71.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, April 26th. The bank reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. Stock Yards Bancorp had a return on equity of 13.43% and a net margin of 28.30%. The firm had revenue of $35.98 million for the quarter, compared to analyst estimates of $36.25 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities analysts forecast that Stock Yards Bancorp will post $1.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, June 8th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.19. Stock Yards Bancorp’s dividend payout ratio is currently 43.48%.
In related news, CEO David P. Heintzman sold 1,000 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $40.31, for a total transaction of $40,310.00. Following the transaction, the chief executive officer now owns 170,309 shares of the company’s stock, valued at $6,865,155.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David P. Heintzman sold 979 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $40.85, for a total value of $39,992.15. Following the transaction, the chief executive officer now directly owns 169,309 shares in the company, valued at approximately $6,916,272.65. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 190 shares of company stock worth $7,578 and have sold 8,323 shares worth $330,320. Corporate insiders own 6.20% of the company’s stock.
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About Stock Yards Bancorp
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.
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