Press coverage about S.Y. Bancorp (NASDAQ:SYBT) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. S.Y. Bancorp earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.6044617347296 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
S.Y. Bancorp stock opened at $35.60 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $810.94, a PE ratio of 18.64 and a beta of 0.64. S.Y. Bancorp has a 1-year low of $31.90 and a 1-year high of $44.50.
S.Y. Bancorp (NASDAQ:SYBT) last issued its earnings results on Thursday, January 25th. The bank reported $0.47 earnings per share (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 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 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were paid a $0.23 dividend. This is a positive change from S.Y. Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 16th. This represents a $0.92 dividend on an annualized basis and a yield of 2.58%. S.Y. Bancorp’s dividend payout ratio (DPR) is 48.17%.
A number of research firms have recently weighed in on SYBT. Zacks Investment Research raised S.Y. Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, April 3rd. BidaskClub raised S.Y. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. FIG Partners raised S.Y. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of S.Y. Bancorp in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. S.Y. Bancorp currently has a consensus rating of “Hold” and an average price target of $39.00.
In other news, Director Paul J. Bickel III bought 871 shares of S.Y. Bancorp stock in a transaction that occurred on Monday, March 26th. The stock was bought at an average price of $34.82 per share, for a total transaction of $30,328.22. Following the purchase, the director now directly owns 5,475 shares of the company’s stock, valued at approximately $190,639.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Dishman bought 1,755 shares of S.Y. Bancorp stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average price of $36.18 per share, with a total value of $63,495.90. Following the purchase, the insider now directly owns 17,584 shares in the company, valued at $636,189.12. The disclosure for this purchase can be found here. Insiders purchased a total of 6,238 shares of company stock valued at $224,466 in the last 90 days. 8.42% of the stock is currently owned by company 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.
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