Dropping The 52 Week Low, Stock Yards Bancorp Inc (Nasdaq:SYBT) Closing Trading At $29.14

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Stock Yards Bancorp Inc (Nasdaq:SYBT)

December 5th, 2018
Amidst falling markets Stock Yards Bancorp Inc fell $1.94 Tuesday, down 6.24%, closing at $29.14. As well as the drop in value, Stock Yards Bancorp Inc hit a new 52 week low of $29.10, breaking the previous low of $29.69 from earlier this August.

SYBT was outperformed by the rest of the Financials sector which went down just 4.40%.

Expectations from 2 analysts indicates that Stock Yards Bancorp Inc could increase significantly (24%), while Finbox has calculated (with high uncertainty) a fair value price of $32.49.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Stock Yards Bancorp Inc Info

Stock Yards Bancorp, Inc. operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits. The company’s loan portfolio comprises commercial and industrial, construction and development, undeveloped land, real estate mortgage, and consumer loans; and originates and sells single-family residential mortgages. In addition, it offers securities brokerage services through an arrangement with a third party broker-dealer; and investment management, trust, employee benefit plan, estate administration, and financial planning services. As of December 31, 2017, the company had 37 banking locations, including 28 full service banking locations in the Louisville metropolitan statistical area (MSA), 4 full service banking locations in the Indianapolis MSA, and 5 full service banking locations in the Cincinnati MSA. Stock Yards Bancorp, Inc. was founded in 1904 and is headquartered in Louisville, Kentucky.

All amounts in USD unless otherwise indicated
SYBT daily update

SYBT daily update
SYBT daily update

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