Stock yards bancorp EVP Dishman sells $218k in shares

William Dishman, Executive Vice President of Stock Yards Bancorp, Inc. (NASDAQ:SYBT), sold 2,802 shares of common stock on June 24, 2025, at a price of $78.10, totaling $218,836. The sale occurred near the stock’s 52-week high of $79.85, with InvestingPro data showing the $2.26B market cap company trading at a P/E ratio of 18.35.

Following the transaction, Dishman directly owns 31,594 shares of Stock Yards Bancorp. He also indirectly owns 3,300 shares by spouse and 7,780 shares by 401k/ESOP. The company maintains a strong dividend track record, having raised its dividend for 15 consecutive years, with a current yield of 1.6%.

Dishman also holds derivative securities in the form of Stock Appreciation Rights, with various expiration dates between 2027 and 2035. Based on InvestingPro’s Fair Value analysis, the stock is currently trading near its fair value.

In other recent news, Stock Yards Bancorp reported financial results for the first quarter of 2025 that exceeded expectations in both earnings per share and pre-provision net revenue. The improved financial performance was partially driven by interest recoveries of $0.6 million, which positively affected the net interest margin. Analysts at Stephens responded by raising the company’s stock target to $80, maintaining an Equal Weight rating. The company’s strategic focus on wealth management and expansion into the Indian market were also noted as positive developments.

Additionally, Stock Yards Bancorp held its 2025 Annual Meeting of Shareholders, where all nominated directors were elected to serve until the next annual meeting. The meeting saw strong shareholder participation, with 66.73% of outstanding shares represented, and approval of executive compensation was achieved. In a separate announcement, the company disclosed the upcoming retirement of board member David P. Heintzman, effective July 15, 2025, after a notable 40-year tenure. These developments reflect Stock Yards Bancorp’s ongoing commitment to corporate governance and strategic growth.

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