$0.65 EPS Expected for Stock Yards Bancorp Inc (NASDAQ:SYBT) This Quarter

Share on StockTwits

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.

A number of equities research analysts have recently issued reports on the company. ValuEngine cut Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. BidaskClub cut Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, Zacks Investment Research cut Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Friday.

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.

Featured Story: Stocks Increasing Dividends

Get a free copy of the Zacks research report on Stock Yards Bancorp (SYBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Stock Yards Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

KeyCorp Equities Analysts Lower Earnings Estimates for PGT Innovations Inc
KeyCorp Equities Analysts Lower Earnings Estimates for PGT Innovations Inc
Critical Analysis: Dais Analytic  and Amcor
Critical Analysis: Dais Analytic and Amcor
Head to Head Contrast: InnerWorkings  versus Mercadolibre
Head to Head Contrast: InnerWorkings versus Mercadolibre
Plant Health Care  Shares Up 8%
Plant Health Care Shares Up 8%
ATCO LTD -CLASS I Common Stock   Sets New 12-Month High at $49.66
ATCO LTD -CLASS I Common Stock Sets New 12-Month High at $49.66
Wisdom Tree Investments Sees Unusually Large Options Volume
Wisdom Tree Investments Sees Unusually Large Options Volume


© 2006-2019 Ticker Report