Equities research analysts expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to announce $38.43 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Stock Yards Bancorp’s earnings, with estimates ranging from $38.10 million to $38.76 million. Stock Yards Bancorp reported sales of $35.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is expected to issue its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full-year sales of $38.43 million for the current financial year, with estimates ranging from $157.90 million to $158.71 million. For the next year, analysts expect that the company will post sales of $166.09 million per share, with estimates ranging from $163.77 million to $168.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Thursday, January 25th. The bank reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). Stock Yards Bancorp had a return on equity of 13.38% and a net margin of 24.39%. The company had revenue of $38.57 million during the quarter, compared to the consensus estimate of $38.01 million.
Shares of SYBT stock traded up $1.60 during trading hours on Wednesday, hitting $35.60. 101,350 shares of the stock traded hands, compared to its average volume of 51,651. Stock Yards Bancorp has a 12 month low of $31.90 and a 12 month high of $44.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $772.32, a PE ratio of 21.45 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a $0.23 dividend. The ex-dividend date is Friday, March 16th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.58%. Stock Yards Bancorp’s dividend payout ratio is presently 55.42%.
In other news, Director Carl G. Herde acquired 3,000 shares of Stock Yards Bancorp stock in a transaction on Monday, March 19th. The shares were purchased at an average cost of $36.05 per share, for a total transaction of $108,150.00. Following the completion of the purchase, the director now directly owns 25,090 shares of the company’s stock, valued at approximately $904,494.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Bickel III acquired 2,510 shares of Stock Yards Bancorp stock in a transaction on Tuesday, December 26th. The shares were purchased at an average price of $38.15 per share, for a total transaction of $95,756.50. Following the completion of the purchase, the director now directly owns 4,250 shares of the company’s stock, valued at $162,137.50. The disclosure for this purchase can be found here. Insiders bought 6,133 shares of company stock worth $226,810 over the last three months. Insiders own 6.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in Stock Yards Bancorp in the 4th quarter valued at approximately $401,000. TIAA CREF Investment Management LLC raised its holdings in Stock Yards Bancorp by 12.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 84,320 shares of the bank’s stock worth $3,179,000 after purchasing an additional 9,450 shares during the last quarter. Raymond James & Associates raised its holdings in Stock Yards Bancorp by 19.4% during the 4th quarter. Raymond James & Associates now owns 9,080 shares of the bank’s stock worth $342,000 after purchasing an additional 1,478 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Stock Yards Bancorp during the 4th quarter worth approximately $381,000. Finally, Formidable Asset Management LLC grew its position in shares of Stock Yards Bancorp by 2.7% during the 4th quarter. Formidable Asset Management LLC now owns 132,171 shares of the bank’s stock worth $4,983,000 after buying an additional 3,463 shares during the period. 48.15% of the stock is owned by hedge funds and other institutional investors.
Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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