Analysts expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to announce $40.35 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Stock Yards Bancorp’s earnings. The lowest sales estimate is $39.70 million and the highest is $41.00 million. Stock Yards Bancorp posted sales of $38.22 million in the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full year sales of $167.35 million for the current year, with estimates ranging from $162.70 million to $172.00 million. For the next year, analysts expect that the firm will report sales of $174.45 million, with estimates ranging from $167.40 million to $181.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $41.49 million for the quarter, compared to analyst estimates of $40.40 million. Stock Yards Bancorp had a return on equity of 15.83% and a net margin of 31.70%.
NASDAQ SYBT traded down $0.24 during trading on Monday, hitting $33.81. The company’s stock had a trading volume of 48,362 shares, compared to its average volume of 41,843. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $776.04 million, a PE ratio of 13.97 and a beta of 0.43. Stock Yards Bancorp has a fifty-two week low of $28.02 and a fifty-two week high of $41.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, March 15th. Stock Yards Bancorp’s dividend payout ratio is currently 41.32%.
In related news, Chairman David P. Heintzman sold 2,865 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $34.91, for a total value of $100,017.15. Following the completion of the transaction, the chairman now owns 142,437 shares of the company’s stock, valued at $4,972,475.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathy C. Thompson sold 3,015 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $36.15, for a total transaction of $108,992.25. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 991 shares of company stock valued at $34,223 and have sold 8,880 shares valued at $306,899. 8.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of SYBT. Geode Capital Management LLC increased its stake in Stock Yards Bancorp by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 265,728 shares of the bank’s stock valued at $8,715,000 after buying an additional 15,278 shares during the last quarter. Norges Bank acquired a new stake in Stock Yards Bancorp in the fourth quarter worth about $2,428,000. Dimensional Fund Advisors LP boosted its holdings in Stock Yards Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 920,952 shares of the bank’s stock worth $30,207,000 after acquiring an additional 11,699 shares in the last quarter. Walthausen & Co. LLC boosted its holdings in Stock Yards Bancorp by 0.5% in the fourth quarter. Walthausen & Co. LLC now owns 293,183 shares of the bank’s stock worth $9,616,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Stock Yards Bancorp by 7.8% in the fourth quarter. Legal & General Group Plc now owns 8,854 shares of the bank’s stock worth $290,000 after acquiring an additional 638 shares in the last quarter. 50.76% of the stock is owned by hedge funds and other institutional investors.
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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