Equities research analysts forecast that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce earnings of $0.61 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Stock Yards Bancorp’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.60. Stock Yards Bancorp reported earnings of $0.51 per share during the same quarter last year, which suggests a positive year over year growth rate of 19.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.
On average, analysts expect that Stock Yards Bancorp will report full year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.40. For the next financial year, analysts anticipate that the firm will report earnings of $2.46 per share, with EPS estimates ranging from $2.46 to $2.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, July 25th. The bank reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $40.11 million for the quarter, compared to analyst estimates of $39.04 million. Stock Yards Bancorp had a net margin of 26.61% and a return on equity of 14.66%.
A number of equities analysts have commented on SYBT shares. BidaskClub raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. ValuEngine downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Finally, Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Stock Yards Bancorp has a consensus rating of “Hold” and an average price target of $42.00.
In other news, insider Kathy C. Thompson sold 3,524 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $39.73, for a total value of $140,008.52. Following the sale, the insider now directly owns 40,053 shares of the company’s stock, valued at approximately $1,591,305.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David P. Heintzman sold 8,967 shares of the business’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $39.85, for a total transaction of $357,334.95. Following the completion of the sale, the chief executive officer now directly owns 170,552 shares in the company, valued at $6,796,497.20. The disclosure for this sale can be found here. Insiders have acquired 1,155 shares of company stock worth $45,687 over the last ninety days. 6.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Stock Yards Bancorp by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 41,170 shares of the bank’s stock valued at $1,552,000 after acquiring an additional 7,664 shares during the period. PNC Financial Services Group Inc. increased its stake in Stock Yards Bancorp by 23.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 46,277 shares of the bank’s stock worth $1,625,000 after buying an additional 8,710 shares during the period. GSA Capital Partners LLP increased its stake in Stock Yards Bancorp by 526.2% during the 1st quarter. GSA Capital Partners LLP now owns 35,517 shares of the bank’s stock worth $1,247,000 after buying an additional 29,845 shares during the period. SG Americas Securities LLC purchased a new stake in Stock Yards Bancorp during the 1st quarter worth approximately $128,000. Finally, Millennium Management LLC increased its stake in Stock Yards Bancorp by 318.3% during the 1st quarter. Millennium Management LLC now owns 164,061 shares of the bank’s stock worth $5,759,000 after buying an additional 124,837 shares during the period. 47.74% of the stock is currently owned by institutional investors and hedge funds.
Stock Yards Bancorp traded down $0.20, reaching $37.90, during trading on Friday, MarketBeat.com reports. 15,846 shares of the stock were exchanged, compared to its average volume of 38,469. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.89. Stock Yards Bancorp has a 1 year low of $31.90 and a 1 year high of $41.90. The company has a market capitalization of $866.67 million, a PE ratio of 17.72 and a beta of 0.57.
About Stock Yards 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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