S.Y. Bancorp, Inc. (SYBT) Expected to Post Earnings of $0.55 Per Share

Wall Street brokerages forecast that S.Y. Bancorp, Inc. (NASDAQ:SYBT) will post earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for S.Y. Bancorp’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.55. S.Y. Bancorp reported earnings of $0.47 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The firm is expected to report its next earnings results on Wednesday, April 25th.

On average, analysts expect that S.Y. Bancorp will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.25 to $2.29. For the next year, analysts anticipate that the company will post earnings of $2.38 per share, with EPS estimates ranging from $2.35 to $2.43. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover S.Y. Bancorp.

S.Y. Bancorp (NASDAQ:SYBT) last issued its earnings results on Thursday, January 25th. The bank reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). The business had revenue of $38.57 million for the quarter, compared to the consensus estimate of $38.01 million. S.Y. Bancorp had a return on equity of 13.38% and a net margin of 24.39%.

SYBT has been the subject of a number of research reports. FIG Partners upgraded shares of S.Y. Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, March 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of S.Y. Bancorp in a report on Friday, January 26th. BidaskClub cut shares of S.Y. Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Finally, Zacks Investment Research cut shares of S.Y. Bancorp from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.00.

NASDAQ:SYBT traded down $0.05 during trading hours on Friday, reaching $36.05. 160,665 shares of the company’s stock were exchanged, compared to its average volume of 86,093. The stock has a market capitalization of $818.88, a price-to-earnings ratio of 18.87 and a beta of 0.65. S.Y. Bancorp has a 12 month low of $31.90 and a 12 month high of $44.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.55%. This is a boost from S.Y. Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 16th. S.Y. Bancorp’s dividend payout ratio (DPR) is presently 48.17%.

In other news, Director Carl G. Herde purchased 3,000 shares of S.Y. Bancorp stock in a transaction that occurred on Monday, March 19th. The stock was acquired at an average price of $36.05 per share, for a total transaction of $108,150.00. Following the transaction, the director now owns 25,090 shares in the company, valued at $904,494.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Bickel III purchased 871 shares of S.Y. Bancorp stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average price of $34.82 per share, with a total value of $30,328.22. Following the transaction, the director now owns 5,475 shares in the company, valued at approximately $190,639.50. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 6,237 shares of company stock valued at $224,428. 6.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of S.Y. Bancorp in the 3rd quarter valued at approximately $118,000. SeaCrest Wealth Management LLC purchased a new stake in shares of S.Y. Bancorp in the 4th quarter valued at approximately $206,000. GSA Capital Partners LLP purchased a new stake in shares of S.Y. Bancorp in the 3rd quarter valued at approximately $233,000. Teacher Retirement System of Texas purchased a new stake in shares of S.Y. Bancorp in the 4th quarter valued at approximately $281,000. Finally, American Research & Management Co. lifted its position in shares of S.Y. Bancorp by 65.3% in the 4th quarter. American Research & Management Co. now owns 7,850 shares of the bank’s stock valued at $296,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 48.22% of the company’s stock.

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About S.Y. Bancorp

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.

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