Wall Street analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will post sales of $38.01 million 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 posted sales of $36.39 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The company is expected to issue its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full-year sales of $38.01 million for the current fiscal year, with estimates ranging from $147.70 million to $149.13 million. For the next year, analysts anticipate that the business 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 averages are an average based on a survey of sell-side research analysts that follow 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, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $37.27 million for the quarter, compared to analyst estimates of $37.81 million. Stock Yards Bancorp had a return on equity of 13.51% and a net margin of 28.57%. During the same quarter in the previous year, the company posted $0.46 earnings per share.
Stock Yards Bancorp (NASDAQ SYBT) traded up $0.55 during trading hours on Friday, hitting $38.20. The stock had a trading volume of 34,317 shares, compared to its average volume of 48,799. The firm has a market capitalization of $866.02, a price-to-earnings ratio of 20.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Stock Yards Bancorp has a 1-year low of $31.90 and a 1-year high of $48.05.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.21 dividend. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, December 8th. Stock Yards Bancorp’s dividend payout ratio is presently 44.21%.
In other news, insider Kathy C. Thompson sold 1,466 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $35.08, for a total value of $51,427.28. Following the completion of the sale, the insider now owns 40,161 shares of the company’s stock, valued at $1,408,847.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David P. Heintzman sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $36.30, for a total value of $72,600.00. Following the completion of the sale, the chief executive officer now directly owns 165,809 shares of the company’s stock, valued at approximately $6,018,866.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 299 shares of company stock valued at $10,996 and have sold 10,338 shares valued at $391,155. Corporate insiders own 6.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of Stock Yards Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,214 shares of the bank’s stock worth $436,000 after buying an additional 29 shares during the period. Neuberger Berman Group LLC boosted its holdings in Stock Yards Bancorp by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,741 shares of the bank’s stock valued at $223,000 after purchasing an additional 46 shares during the last quarter. US Bancorp DE boosted its holdings in Stock Yards Bancorp by 1.2% in the second quarter. US Bancorp DE now owns 3,973 shares of the bank’s stock valued at $155,000 after purchasing an additional 47 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Stock Yards Bancorp by 1.7% in the second quarter. Wells Fargo & Company MN now owns 25,050 shares of the bank’s stock valued at $975,000 after purchasing an additional 416 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Stock Yards Bancorp by 5.9% in the first quarter. Bank of America Corp DE now owns 7,490 shares of the bank’s stock valued at $304,000 after purchasing an additional 420 shares during the last quarter. 47.71% of the stock is owned by institutional investors.
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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.
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