Brokerages predict that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce earnings per share of $0.68 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Stock Yards Bancorp’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.70. Stock Yards Bancorp posted earnings of $0.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is expected to issue its next earnings report on Thursday, January 23rd.
On average, analysts expect that Stock Yards Bancorp will report full-year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.78 to $2.86. For the next year, analysts forecast that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.52 to $2.72. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, October 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. The company had revenue of $45.37 million for the quarter, compared to the consensus estimate of $43.45 million. Stock Yards Bancorp had a net margin of 33.17% and a return on equity of 16.75%.
A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. BidaskClub upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.
Shares of SYBT traded up $0.05 on Friday, reaching $41.17. 30,905 shares of the company’s stock were exchanged, compared to its average volume of 42,800. The business has a 50 day moving average price of $40.13 and a two-hundred day moving average price of $36.93. Stock Yards Bancorp has a 12 month low of $28.02 and a 12 month high of $41.78. The stock has a market capitalization of $930.36 million, a P/E ratio of 17.01 and a beta of 0.51. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.21.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.27 dividend. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, December 13th. This represents a $1.08 annualized dividend and a yield of 2.62%. Stock Yards Bancorp’s dividend payout ratio is presently 42.98%.
In other Stock Yards Bancorp news, Chairman David P. Heintzman sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $41.40, for a total value of $82,800.00. Following the completion of the sale, the chairman now directly owns 144,684 shares in the company, valued at $5,989,917.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James A. Hillebrand sold 2,450 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $37.15, for a total value of $91,017.50. Following the sale, the chief executive officer now directly owns 77,686 shares in the company, valued at approximately $2,886,034.90. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 348 shares of company stock worth $13,289 and have sold 25,940 shares worth $995,452. 8.30% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at approximately $30,000. Public Employees Retirement System of Ohio acquired a new stake in Stock Yards Bancorp during the 2nd quarter worth approximately $36,000. Macquarie Group Ltd. acquired a new stake in Stock Yards Bancorp during the 2nd quarter worth approximately $54,000. Russell Investments Group Ltd. acquired a new stake in Stock Yards Bancorp during the 2nd quarter worth approximately $133,000. Finally, Bank of Montreal Can lifted its stake in Stock Yards Bancorp by 12.6% in the second quarter. Bank of Montreal Can now owns 4,777 shares of the bank’s stock valued at $172,000 after buying an additional 534 shares in the last quarter. Institutional investors and hedge funds own 51.25% of the company’s stock.
Stock Yards Bancorp Company Profile
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, money market deposits, and time deposits.
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