Short Interest Coverage: Could Stock Yards Bancorp Incorporated (NASDAQ:SYBT) Change Direction After More Shorts?

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Coverage: Could Stock Yards Bancorp Incorporated (NASDAQ:SYBT) Change Direction After More Shorts?

The stock of Stock Yards Bancorp Incorporated (NASDAQ:SYBT) registered an increase of 6.11% in short interest. SYBT’s total short interest was 793,900 shares in November as published by FINRA. Its up 6.11% from 748,200 shares, reported previously. With 60,600 shares average volume, it will take short sellers 13 days to cover their SYBT’s short positions. The short interest to Stock Yards Bancorp Incorporated’s float is 3.88%. About 50,076 shares traded hands. Stock Yards Bancorp Inc (NASDAQ:SYBT) has risen 56.52% since April 14, 2016 and is uptrending. It has outperformed by 51.84% the S&P500.

Stock Yards Bancorp, Inc. is the holding firm for Stock Yards Bank & Trust Company . The company has a market cap of $954.36 million. The Firm operates through two divisions: commercial banking, and investment management and trust. It has a 23.61 P/E ratio. The Company’s commercial banking segment provides a range of loan and deposit products to individual clients and businesses.

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.18, from 1.23 in 2016Q1. The ratio dropped, 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.
Deutsche State Bank Ag holds 30,671 shares or 0% of its portfolio. Ladenburg Thalmann Inc accumulated 261 shares or 0% of the stock. The Virginia-based Virginia Retirement Sys Et Al has invested 0% in Stock Yards Bancorp Inc (NASDAQ:SYBT). Us Fincl Bank De has 0% invested in the company for 3,926 shares. Geode Capital Llc reported 195,947 shares or 0% of all its holdings. Commonwealth Equity Inc last reported 0% of its portfolio in the stock. Pnc Financial Services Group Inc Inc accumulated 225,171 shares or 0.01% of the stock. Vanguard Gp accumulated 776,673 shares or 0% of the stock. Blackrock Institutional Tru Co Na has 717,384 shares for 0% of their US portfolio. Blair William Communications Il holds 0% or 9,446 shares in its portfolio. Moreover, Parametric Port Associates Ltd Llc has 0% invested in Stock Yards Bancorp Inc (NASDAQ:SYBT) for 67,867 shares. Manufacturers Life Insur The reported 108,044 shares or 0% of all its holdings. Ativo Cap Mngmt owns 33,659 shares or 0.23% of their US portfolio. Royal Bankshares Of Canada last reported 0% of its portfolio in the stock. Fincl Bank Of Montreal Can has invested 0% of its portfolio in Stock Yards Bancorp Inc (NASDAQ:SYBT).

Insider Transactions: Since May 23, 2016, the stock had 31 insider buys, and 16 sales for $1.47 million net activity. $2,946 worth of Stock Yards Bancorp Inc (NASDAQ:SYBT) was bought by Priebe Stephen M. Shares for $6,084 were bought by EDINGER CHARLES R III on Thursday, September 15. 48 Stock Yards Bancorp Inc (NASDAQ:SYBT) shares with value of $1,614 were bought by Brown J McCauley. 71 shares were bought by Northern Richard, worth $2,949 on Monday, May 23. $1,495 worth of shares were bought by SIMON NICHOLAS X on Monday, May 23. $1,135 worth of Stock Yards Bancorp Inc (NASDAQ:SYBT) was bought by Herde Carl G. The insider HEINTZMAN DAVID P sold $89,327.

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.

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

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By Hazel Jackson


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