Zacks: Analysts Anticipate Stock Yards Bancorp Inc (SYBT) Will Post Earnings of $0.59 Per Share

Brokerages expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to report earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Stock Yards Bancorp’s earnings. Stock Yards Bancorp posted earnings per share of $0.58 during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The company is scheduled to report its next earnings report on Wednesday, April 24th.

On average, analysts expect that Stock Yards Bancorp will report full-year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.55. For the next fiscal year, analysts expect that the company will report earnings of $2.66 per share, with EPS estimates ranging from $2.59 to $2.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Thursday, January 24th. The bank reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $41.49 million for the quarter, compared to the consensus estimate of $40.40 million. Stock Yards Bancorp had a return on equity of 15.83% and a net margin of 31.70%.

Several research firms recently weighed in on SYBT. Zacks Investment Research upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, February 15th. FIG Partners cut Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Tuesday, January 8th. BidaskClub raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, ValuEngine raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th.

Shares of Stock Yards Bancorp stock traded down $0.13 during midday trading on Monday, hitting $34.57. The company had a trading volume of 32,377 shares, compared to its average volume of 37,562. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $790.81 million, a P/E ratio of 14.29 and a beta of 0.42. Stock Yards Bancorp has a 52-week low of $28.02 and a 52-week high of $41.00.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a $0.25 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 41.32%.

In other news, insider Kathy C. Thompson sold 3,015 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $36.15, for a total value of $108,992.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David P. Heintzman sold 2,865 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $34.91, for a total value of $100,017.15. Following the completion of the sale, the chairman now owns 142,437 shares of the company’s stock, valued at $4,972,475.67. The disclosure for this sale can be found here. Insiders bought a total of 971 shares of company stock valued at $33,541 over the last 90 days. 8.30% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Stock Yards Bancorp by 7.8% in the 4th quarter. Legal & General Group Plc now owns 8,854 shares of the bank’s stock worth $290,000 after purchasing an additional 638 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Stock Yards Bancorp by 35.7% in the 4th quarter. Bank of Montreal Can now owns 2,704 shares of the bank’s stock worth $89,000 after purchasing an additional 712 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Stock Yards Bancorp in the 4th quarter worth $29,000. First Hawaiian Bank increased its stake in shares of Stock Yards Bancorp by 28.4% in the 1st quarter. First Hawaiian Bank now owns 4,470 shares of the bank’s stock worth $151,000 after purchasing an additional 990 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Stock Yards Bancorp by 18.1% in the 4th quarter. Citigroup Inc. now owns 6,837 shares of the bank’s stock worth $224,000 after purchasing an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.

About Stock Yards 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, money market deposits, and time deposits.

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