Brokerages Anticipate Stock Yards Bancorp Inc (NASDAQ:SYBT) to Post $0.53 Earnings Per Share

Analysts expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to report earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Stock Yards Bancorp’s earnings, with estimates ranging from $0.48 to $0.57. Stock Yards Bancorp reported earnings of $0.68 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.1%. The firm is scheduled to report its next earnings report on Wednesday, April 22nd.

According to Zacks, analysts expect that Stock Yards Bancorp will report full year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.34 to $2.87. For the next financial year, analysts anticipate that the company will post earnings of $2.43 per share, with EPS estimates ranging from $2.34 to $2.52. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, January 29th. The bank reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Stock Yards Bancorp had a net margin of 33.44% and a return on equity of 16.83%. The firm had revenue of $45.88 million for the quarter, compared to analyst estimates of $44.21 million.

A number of brokerages have weighed in on SYBT. ValuEngine upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, February 4th. Finally, BidaskClub lowered shares of Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 11th.

Stock Yards Bancorp stock traded up $1.98 during mid-day trading on Monday, reaching $29.06. The company had a trading volume of 67,600 shares, compared to its average volume of 53,566. Stock Yards Bancorp has a fifty-two week low of $22.98 and a fifty-two week high of $42.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The company has a market cap of $635.89 million, a P/E ratio of 10.06 and a beta of 0.54. The business has a fifty day simple moving average of $34.38 and a 200 day simple moving average of $38.19.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.72%. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 37.37%.

Several large investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Stock Yards Bancorp by 1.0% during the fourth quarter. Rhumbline Advisers now owns 33,114 shares of the bank’s stock worth $1,360,000 after purchasing an additional 317 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Stock Yards Bancorp by 2.0% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,585 shares of the bank’s stock worth $681,000 after purchasing an additional 330 shares during the period. First Financial Bank Trust Division lifted its holdings in shares of Stock Yards Bancorp by 4.4% during the fourth quarter. First Financial Bank Trust Division now owns 8,580 shares of the bank’s stock worth $352,000 after purchasing an additional 360 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Stock Yards Bancorp by 0.8% during the fourth quarter. Baird Financial Group Inc. now owns 57,042 shares of the bank’s stock worth $2,342,000 after purchasing an additional 434 shares during the period. Finally, FMR LLC lifted its holdings in shares of Stock Yards Bancorp by 92.6% during the fourth quarter. FMR LLC now owns 959 shares of the bank’s stock worth $39,000 after purchasing an additional 461 shares during the period. Institutional investors own 53.17% of the company’s stock.

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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