Analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will report $38.01 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Stock Yards Bancorp’s earnings, with the highest sales estimate coming in at $38.41 million and the lowest estimate coming in at $37.60 million. Stock Yards Bancorp reported sales of $36.39 million in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is scheduled to announce its next earnings report on Thursday, January 25th.
On average, analysts expect that Stock Yards Bancorp will report full-year sales of $38.01 million for the current financial year, with estimates ranging from $147.70 million to $149.13 million. For the next year, analysts expect that the firm will post sales of $156.84 million per share, with estimates ranging from $156.07 million to $157.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a net margin of 28.57% and a return on equity of 13.51%. The business had revenue of $37.27 million for the quarter, compared to analysts’ expectations of $37.81 million. During the same period last year, the company earned $0.46 earnings per share.
Several research firms recently issued reports on SYBT. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.
Stock Yards Bancorp (NASDAQ SYBT) traded down $0.25 on Friday, hitting $38.55. 22,465 shares of the company traded hands, compared to its average volume of 39,535. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. Stock Yards Bancorp has a twelve month low of $31.90 and a twelve month high of $47.15. The firm has a market capitalization of $879.62, a PE ratio of 20.29 and a beta of 0.69.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 8th. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.18%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 44.21%.
In other Stock Yards Bancorp news, CEO David P. Heintzman sold 1,264 shares of Stock Yards Bancorp stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.55, for a total transaction of $49,991.20. Following the transaction, the chief executive officer now directly owns 165,809 shares of the company’s stock, valued at $6,557,745.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Bickel III purchased 2,510 shares of Stock Yards Bancorp stock in a transaction on Tuesday, December 26th. The shares were acquired at an average cost of $38.15 per share, for a total transaction of $95,756.50. Following the completion of the transaction, the director now owns 4,250 shares of the company’s stock, valued at $162,137.50. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 3,159 shares of company stock worth $121,005 and sold 9,372 shares worth $365,453. 6.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Stock Yards Bancorp by 1.9% during the second quarter. Vanguard Group Inc. now owns 915,298 shares of the bank’s stock valued at $35,604,000 after buying an additional 16,902 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Stock Yards Bancorp by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 800,868 shares of the bank’s stock valued at $30,432,000 after buying an additional 11,455 shares in the last quarter. State Street Corp lifted its position in Stock Yards Bancorp by 4.8% during the second quarter. State Street Corp now owns 415,829 shares of the bank’s stock valued at $16,181,000 after buying an additional 19,091 shares in the last quarter. Walthausen & Co. LLC lifted its position in Stock Yards Bancorp by 15.6% during the third quarter. Walthausen & Co. LLC now owns 319,448 shares of the bank’s stock valued at $12,139,000 after buying an additional 43,160 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Stock Yards Bancorp by 4.7% during the second quarter. Northern Trust Corp now owns 314,214 shares of the bank’s stock valued at $12,223,000 after buying an additional 14,194 shares in the last quarter. 47.71% of the stock is currently 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.
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.