Equities research analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce earnings of $0.65 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Stock Yards Bancorp’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.64. Stock Yards Bancorp reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 23rd.
On average, analysts expect that Stock Yards Bancorp will report full year earnings of $2.72 per share for the current year, with EPS estimates ranging from $2.69 to $2.74. For the next year, analysts expect that the business will report earnings of $2.65 per share, with EPS estimates ranging from $2.57 to $2.72. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.11. Stock Yards Bancorp had a return on equity of 16.33% and a net margin of 32.58%. The firm had revenue of $43.04 million during the quarter, compared to the consensus estimate of $42.35 million.
In related news, President Philip Poindexter sold 2,464 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $38.00, for a total value of $93,632.00. Following the sale, the president now directly owns 29,533 shares of the company’s stock, valued at $1,122,254. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Dishman sold 3,300 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $37.23, for a total value of $122,859.00. Following the completion of the sale, the executive vice president now directly owns 17,504 shares in the company, valued at $651,673.92. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 366 shares of company stock worth $13,272 and sold 27,184 shares worth $1,008,496. 8.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in SYBT. Bank of Montreal Can grew its stake in Stock Yards Bancorp by 12.6% in the second quarter. Bank of Montreal Can now owns 4,777 shares of the bank’s stock valued at $172,000 after acquiring an additional 534 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of Stock Yards Bancorp by 9.0% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 8,078 shares of the bank’s stock worth $292,000 after purchasing an additional 667 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Stock Yards Bancorp by 0.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 124,719 shares of the bank’s stock worth $4,509,000 after purchasing an additional 792 shares during the period. Swiss National Bank lifted its position in shares of Stock Yards Bancorp by 2.0% in the 2nd quarter. Swiss National Bank now owns 40,223 shares of the bank’s stock worth $1,454,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Stock Yards Bancorp in the 2nd quarter worth approximately $36,000. 50.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stock Yards Bancorp stock opened at $35.80 on Tuesday. Stock Yards Bancorp has a 12-month low of $28.02 and a 12-month high of $38.74. The stock has a market cap of $813.26 million, a P/E ratio of 14.79 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $36.58 and its 200-day moving average is $35.52.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, September 13th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 42.98%.
Stock Yards Bancorp Company Profile
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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