Stock of the Day: Stock Yards Bancorp Inc Can’t Burn Your Long Portfolio. Just Reaches All Time High

Stock of the Day: Stock Yards Bancorp Inc Can't Burn Your Long Portfolio. Just Reaches All Time High

The stock of Stock Yards Bancorp Inc (NASDAQ:SYBT) reached all time high today, Nov, 24 and still has $45.27 target or 3.00% above today’s $43.95 share price. This indicates more upside for the $1.03 billion company. This technical setup was reported by If the $45.27 PT is reached, the company will be worth $30.90 million 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. The stock increased 0.11% or $0.05 on November 23, hitting $43.95. About 71,094 shares traded hands or 2.03% up from the average. Stock Yards Bancorp Inc (NASDAQ:SYBT) has risen 65.64% since April 22, 2016 and is uptrending. It has outperformed by 60.23% the S&P500.

Analysts await Stock Yards Bancorp Inc (NASDAQ:SYBT) to report earnings on January, 25. They expect $0.44 EPS, up 2.33% or $0.01 from last year’s $0.43 per share. SYBT’s profit will be $10.31M for 24.97 P/E if the $0.44 EPS becomes a reality. After $0.46 actual EPS reported by Stock Yards Bancorp Inc for the previous quarter, Wall Street now forecasts -4.35% 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 increased to 1.69 in Q2 2016. Its up 0.64, from 1.05 in 2016Q1. The ratio increased, 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.
Invesco Limited holds 0% or 29,408 shares in its portfolio. The Texas-based Dimensional Fund Advsrs Limited Partnership has invested 0.01% in Stock Yards Bancorp Inc (NASDAQ:SYBT). Blackrock Mngmt Ltd holds 0% of its portfolio in Stock Yards Bancorp Inc (NASDAQ:SYBT) for 94,299 shares. Stock Yards National Bank Trust last reported 2.83% of its portfolio in the stock. Susquehanna Intl Group Ltd Liability Partnership holds 0% or 9,000 shares in its portfolio. Teacher Retirement Sys Of Texas has invested 0% of its portfolio in Stock Yards Bancorp Inc (NASDAQ:SYBT). Vanguard Gru Incorporated holds 776,673 shares or 0% of its portfolio. Mutual Of America Capital Mgmt Limited Co reported 262,266 shares or 0.16% of all its holdings. Ladenburg Thalmann Fincl Services has 0% invested in the company for 261 shares. State Bank Of America De owns 5,352 shares or 0% of their US portfolio. Us State Bank De accumulated 0% or 3,926 shares. Parametric Associate Limited Liability reported 67,867 shares or 0% of all its holdings. Moreover, Rhumbline Advisers has 0% invested in Stock Yards Bancorp Inc (NASDAQ:SYBT) for 30,188 shares. Mcf Advisors Lc has 24 shares for 0% of their US portfolio. Commonwealth Equity Svcs has 7,561 shares for 0% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 31 buys, and 18 insider sales for $1.65 million net activity. Northern Richard bought $2,946 worth of stock. Brown J McCauley bought $630 worth of Stock Yards Bancorp Inc (NASDAQ:SYBT) on Monday, July 25. On Monday, July 25 Herde Carl G bought $1,976 worth of the stock or 69 shares. Shares for $170,000 were sold by HEINTZMAN DAVID P. EDINGER CHARLES R III also bought $3,630 worth of Stock Yards Bancorp Inc (NASDAQ:SYBT) on Friday, November 18. The insider TASMAN NORMAN bought $3,630. On Friday, November 18 Priebe Stephen M bought $2,946 worth of the stock or 69 shares.

Another recent and important Stock Yards Bancorp Inc (NASDAQ:SYBT) news was published by which published an article titled: “Stock Yards Bancorp Announces Three-for-Two Stock Split” on May 02, 2016.

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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