The stock of Stock Yards Bancorp Inc (NASDAQ:SYBT) reached all time high today, Oct, 11 and still has $55.53 target or 62.00% above today’s $34.28 share price. This indicates more upside for the $777.46 million company. This technical setup was reported by Barchart.com. If the $55.53 PT is reached, the company will be worth $482.03M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 101,453 shares traded hands or 53.75% up from the average. Stock Yards Bancorp Inc (NASDAQ:SYBT) has risen 33.90% since March 8, 2016 and is uptrending. It has outperformed by 24.59% the S&P500.
Analysts await Stock Yards Bancorp Inc (NASDAQ:SYBT) to report earnings on October, 24. They expect $0.44 EPS, up 7.32% or $0.03 from last year’s $0.41 per share. SYBT’s profit will be $9.98M for 19.48 P/E if the $0.44 EPS becomes a reality. After $0.45 actual EPS reported by Stock Yards Bancorp Inc for the previous quarter, Wall Street now forecasts -2.22% negative EPS growth.
According to Zacks Investment Research, “Stock Yards Bancorp Inc. is a bank holding company. Its main subsidiary is Stock Yards Bank & Trust Company. The company provides banking, trust, investment management, private banking, and brokerage services. It operates in and around Louisville, Indianapolis, and Cincinnati. Stock Yards Bancorp Inc. is headquartered in Louisville, Kentucky.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.18, from 1.23 in 2016Q1. The ratio is negative, as 5 funds sold all Stock Yards Bancorp Inc shares owned while 39 reduced positions. 13 funds bought stakes while 33 increased positions. They now own 18.52 million shares or 192.09% more from 6.34 million shares in 2016Q1.
Moreover, Price T Rowe Md has 0% invested in Stock Yards Bancorp Inc (NASDAQ:SYBT) for 24,841 shares. Moreover, Envestnet Asset Incorporated has 0% invested in Stock Yards Bancorp Inc (NASDAQ:SYBT) for 9,009 shares. Wells Fargo Comm Mn owns 22,872 shares or 0% of their US portfolio. The Pennsylvania-based Lincoln Natl has invested 0.02% in Stock Yards Bancorp Inc (NASDAQ:SYBT). Natl Bank Of America De has 5,352 shares for 0% of their US portfolio. Great West Life Assurance Communications Can has 0% invested in the company for 1,815 shares. Morgan Stanley has invested 0% of its portfolio in Stock Yards Bancorp Inc (NASDAQ:SYBT). Commonwealth Equity Ser Inc reported 7,561 shares or 0% of all its holdings. Moreover, Jpmorgan Chase & has 0% invested in Stock Yards Bancorp Inc (NASDAQ:SYBT) for 59,568 shares. Champlain Investment Prtn Lc holds 0.39% or 793,278 shares in its portfolio. Geode Cap Mngmt Limited Liability accumulated 0% or 195,947 shares. Alliancebernstein L P reported 33,114 shares or 0% of all its holdings. Orleans Capital Management Corporation La owns 7,500 shares or 0.15% of their US portfolio. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Stock Yards Bancorp Inc (NASDAQ:SYBT). Us Commercial Bank De has invested 0% of its portfolio in Stock Yards Bancorp Inc (NASDAQ:SYBT).
Insider Transactions: Since May 5, 2016, the stock had 32 buys, and 10 selling transactions for $926,643 net activity. Priebe Stephen M bought $2,949 worth of stock or 71 shares. On Thursday, August 11 THOMPSON KATHY C sold $56,563 worth of the stock or 1,900 shares. $630 worth of shares were bought by Brown J McCauley on Monday, July 25. 99 shares with value of $2,958 were bought by TASMAN NORMAN on Thursday, August 18. On Thursday, May 5 the insider Northern Richard bought $3,960. $2,850 worth of Stock Yards Bancorp Inc (NASDAQ:SYBT) was bought by Herde Carl G on Thursday, September 15. The insider HEINTZMAN DAVID P sold 5,000 shares worth $144,750.
More news for Stock Yards Bancorp Inc (NASDAQ:SYBT) were recently published by: Businesswire.com, which released: “Stock Yards Bancorp Announces Three-for-Two Stock Split” on May 02, 2016. Businesswire.com‘s article titled: “Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.18 Per Share” and published on August 17, 2016 is yet another important article.
SYBT Company Profile
Stock Yards Bancorp, Inc., incorporated on January 12, 1988, is the holding firm for Stock Yards Bank & Trust Company (the Bank). The Firm operates through two divisions: commercial banking, and investment management and trust. The Company’s commercial banking segment provides a range of loan and deposit products to individual clients and businesses. The commercial banking segment also includes the Company’s mortgage origination and securities brokerage activity. The Company’s investment management and trust segment provides wealth management services, including investment management, trust and estate administration, and retirement plan services. The Bank is a state chartered bank. The Bank provides commercial and personal banking services in the Louisville, Kentucky, Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets through approximately 40 banking offices. In addition to traditional commercial and personal banking activities, the Bank has an investment management and trust department offering a range of investment management, trust, employee benefit plan and estate administration, and financial planning services. The Bank also originates and sells single-family residential mortgages. In addition, the Bank offers securities brokerage services through its branch network through an arrangement with a third party broker-dealer.
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