S.Y. Bancorp (SYBT) Getting Somewhat Favorable Media Coverage, Report Finds

Headlines about S.Y. Bancorp (NASDAQ:SYBT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. S.Y. Bancorp earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.86306082271 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news headlines that may have impacted Accern’s analysis:

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Shares of NASDAQ SYBT opened at $35.55 on Friday. The firm has a market capitalization of $820.02, a P/E ratio of 18.61 and a beta of 0.65. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. S.Y. Bancorp has a one year low of $31.90 and a one year high of $44.50.

S.Y. Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $38.57 million during the quarter, compared to analysts’ expectations of $38.01 million. S.Y. Bancorp had a return on equity of 13.38% and a net margin of 24.39%. equities research analysts expect that S.Y. Bancorp will post 2.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, March 16th. This is a positive change from S.Y. Bancorp’s previous quarterly dividend of $0.21. S.Y. Bancorp’s payout ratio is presently 48.17%.

SYBT has been the subject of several analyst reports. BidaskClub cut shares of S.Y. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Zacks Investment Research cut shares of S.Y. Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 target price on shares of S.Y. Bancorp in a research note on Friday, January 26th. Finally, FIG Partners raised shares of S.Y. Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.00.

In related news, Director Carl G. Herde purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was bought at an average price of $36.05 per share, with a total value of $108,150.00. Following the acquisition, the director now owns 25,090 shares in the company, valued at $904,494.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Bickel III purchased 871 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The stock was bought at an average cost of $34.82 per share, with a total value of $30,328.22. Following the acquisition, the director now owns 5,475 shares in the company, valued at approximately $190,639.50. The disclosure for this purchase can be found here. In the last three months, insiders purchased 6,249 shares of company stock valued at $224,878. 6.20% of the stock is owned by insiders.

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About S.Y. Bancorp

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, certificates of deposit, money market deposits, and time deposits.

Insider Buying and Selling by Quarter for S.Y. Bancorp (NASDAQ:SYBT)

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