Brokerages expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to announce $0.68 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided 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 reported earnings of $0.64 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The business is expected to issue its next earnings results 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 financial year, with EPS estimates ranging from $2.78 to $2.86. For the next year, analysts anticipate that the firm will post earnings of $2.65 per share, with EPS estimates ranging from $2.52 to $2.72. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. The business had revenue of $45.37 million during the quarter, compared to analysts’ expectations of $43.45 million. Stock Yards Bancorp had a net margin of 33.17% and a return on equity of 16.75%.
Several analysts recently weighed in on the stock. ValuEngine downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. BidaskClub upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research lowered Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.
In other news, CEO James A. Hillebrand sold 2,450 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $37.15, for a total value of $91,017.50. Following the completion of the transaction, the chief executive officer now owns 77,686 shares of the company’s stock, valued at $2,886,034.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David P. Heintzman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $41.40, for a total transaction of $82,800.00. Following the completion of the transaction, the chairman now directly owns 144,684 shares of the company’s stock, valued at approximately $5,989,917.60. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 348 shares of company stock valued at $13,289 and sold 25,940 shares valued at $995,452. Insiders own 8.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in SYBT. Meeder Asset Management Inc. acquired a new stake in Stock Yards Bancorp during the 3rd quarter worth approximately $30,000. Public Employees Retirement System of Ohio purchased a new position in Stock Yards Bancorp in the 2nd quarter valued at approximately $36,000. Macquarie Group Ltd. purchased a new position in Stock Yards Bancorp in the 2nd quarter valued at approximately $54,000. Russell Investments Group Ltd. acquired a new position in shares of Stock Yards Bancorp in the second quarter worth $133,000. Finally, Bank of Montreal Can grew its stake in shares of Stock Yards Bancorp by 12.6% in the second quarter. Bank of Montreal Can now owns 4,777 shares of the bank’s stock worth $172,000 after acquiring an additional 534 shares in the last quarter. 51.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SYBT stock traded up $0.05 during trading hours on Friday, hitting $41.17. The company had a trading volume of 30,905 shares, compared to its average volume of 42,800. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $930.36 million, a PE ratio of 17.01 and a beta of 0.51. The company’s fifty day moving average is $40.13 and its 200 day moving average is $36.93. Stock Yards Bancorp has a fifty-two week low of $28.02 and a fifty-two week high of $41.78.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.62%. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, December 13th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 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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