In a filing, Stock Yards Bancorp Inc revealed its Board of Director Wells Laura L acquired Company’s shares for reported $0.31 million on Dec 18 ’24. In the deal valued at $78.00 per share,4,000 shares were bought.
Then, Newton Michael B sold 45 shares, generating $3,454 in total proceeds. Upon selling the shares at $76.76, the Sr. Vice President now owns 2,927 shares.
Before that, HEINTZMAN DAVID P sold 3,500 shares. Stock Yards Bancorp Inc shares valued at $273,348 were divested by the Director at a price of $78.10 per share. As a result of the transaction, HEINTZMAN DAVID P now holds 21,411 shares, worth roughly $1.53 million.
Stephens downgraded its Stock Yards Bancorp Inc [SYBT] rating to an Equal-weight from a an Overweight in a research note published on November 15, 2024; the price target was increased to $76 from $70. A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Market perform”. Hovde Group maintained its rating on July 24, 2024. It rated SYBT as “an Outperform”.
Price Performance Review of SYBT
On Friday, Stock Yards Bancorp Inc [NASDAQ:SYBT] saw its stock fall -1.97% to $71.69. Over the last five days, the stock has lost -0.67%. Stock Yards Bancorp Inc shares have risen nearly 39.23% since the year began. Nevertheless, the stocks have risen 37.60% over the past one year. While a 52-week high of $79.79 was reached on 11/27/24, a 52-week low of $42.35 was recorded on 04/17/24. SMA at 50 days reached $72.54, while 200 days put it at $57.46.
Levels Of Support And Resistance For SYBT Stock
The 24-hour chart illustrates a support level at 70.65, which if violated will result in even more drops to 69.60. On the upside, there is a resistance level at 73.01. A further resistance level may holdings at 74.32. The Relative Strength Index (RSI) on the 14-day chart is 40.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.69%. Stochastics %K at 17.64% indicates the stock is a buying.
How much short interest is there in Stock Yards Bancorp Inc?
A steep rise in short interest was recorded in Stock Yards Bancorp Inc stocks on 2024-12-13, growing by 0.15 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.97 million shares. There was a rise of 6.88%, which implies that there is a positive sentiment for the stock.
