Stock Yards Bancorp Inc (NASDAQ:SYBT) has earned an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price target of $40.00 for the company and are forecasting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Stock Yards Bancorp an industry rank of 200 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently commented on the stock. BidaskClub downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price objective on shares of Stock Yards Bancorp in a research report on Friday, January 26th.
In related news, insider Kathy C. Thompson sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.33, for a total value of $98,325.00. Following the completion of the sale, the insider now owns 39,940 shares in the company, valued at $1,570,840.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul J. Bickel III acquired 2,510 shares of Stock Yards Bancorp stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average price of $38.15 per share, with a total value of $95,756.50. Following 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. In the last 90 days, insiders purchased 2,697 shares of company stock valued at $102,826. 6.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Stock Yards Bancorp in the third quarter valued at about $118,000. SeaCrest Wealth Management LLC purchased a new position in Stock Yards Bancorp in the fourth quarter valued at about $206,000. GSA Capital Partners LLP purchased a new position in Stock Yards Bancorp in the third quarter valued at about $233,000. Highbridge Capital Management LLC purchased a new position in Stock Yards Bancorp in the third quarter valued at about $246,000. Finally, Ameriprise Financial Inc. purchased a new position in Stock Yards Bancorp in the second quarter valued at about $285,000. 48.27% of the stock is owned by institutional investors.
Shares of Stock Yards Bancorp (NASDAQ:SYBT) traded up $0.15 on Monday, hitting $35.90. 2,662 shares of the stock traded hands, compared to its average volume of 47,431. Stock Yards Bancorp has a twelve month low of $31.90 and a twelve month high of $44.50. The firm has a market capitalization of $832.52, a P/E ratio of 19.19 and a beta of 0.64. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). The firm had revenue of $38.57 million during the quarter, compared to analyst estimates of $38.01 million. Stock Yards Bancorp had a net margin of 24.39% and a return on equity of 13.45%. sell-side analysts forecast that Stock Yards Bancorp will post 2.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.92 dividend on an annualized basis and a yield of 2.56%. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.21. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 50.60%.
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About Stock Yards Bancorp
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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