Equities analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will report $0.62 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Stock Yards Bancorp’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.61. Stock Yards Bancorp posted earnings per share of $0.59 during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The business is scheduled to report its next earnings results on Wednesday, July 24th.
On average, analysts expect that Stock Yards Bancorp will report full year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.59. For the next year, analysts anticipate that the company will report earnings of $2.64 per share, with EPS estimates ranging from $2.60 to $2.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $40.72 million during the quarter, compared to the consensus estimate of $41.10 million. Stock Yards Bancorp had a net margin of 31.99% and a return on equity of 16.01%.
A number of brokerages have weighed in on SYBT. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th.
In other news, insider Kathy C. Thompson sold 2,609 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $34.51, for a total transaction of $90,036.59. Following the completion of the sale, the insider now owns 38,448 shares of the company’s stock, valued at $1,326,840.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy C. Thompson sold 5,800 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $35.02, for a total transaction of $203,116.00. Following the sale, the insider now directly owns 35,648 shares of the company’s stock, valued at approximately $1,248,392.96. The disclosure for this sale can be found here. In the last three months, insiders have bought 342 shares of company stock valued at $11,813 and have sold 21,917 shares valued at $765,578. 8.30% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Farmers National Bank purchased a new stake in Stock Yards Bancorp during the 1st quarter valued at about $94,000. SG Americas Securities LLC purchased a new stake in Stock Yards Bancorp during the 1st quarter valued at about $117,000. Bank of Montreal Can grew its stake in Stock Yards Bancorp by 56.9% during the 1st quarter. Bank of Montreal Can now owns 4,243 shares of the bank’s stock valued at $143,000 after acquiring an additional 1,539 shares in the last quarter. First Hawaiian Bank grew its stake in Stock Yards Bancorp by 28.4% during the 1st quarter. First Hawaiian Bank now owns 4,470 shares of the bank’s stock valued at $151,000 after acquiring an additional 990 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Stock Yards Bancorp by 589.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,495 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,843 shares in the last quarter. 50.13% of the stock is owned by institutional investors and hedge funds.
Shares of Stock Yards Bancorp stock traded down $0.06 during trading hours on Tuesday, reaching $34.95. The stock had a trading volume of 31,315 shares, compared to its average volume of 46,097. The company’s 50 day simple moving average is $34.96. The stock has a market cap of $797.66 million, a price-to-earnings ratio of 13.92 and a beta of 0.48. Stock Yards Bancorp has a twelve month low of $28.02 and a twelve month high of $39.35. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.13.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.25. Stock Yards Bancorp’s payout ratio is currently 42.98%.
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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