Brokerages expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to announce $43.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Stock Yards Bancorp’s earnings. The lowest sales estimate is $43.30 million and the highest is $43.60 million. Stock Yards Bancorp reported sales of $39.95 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is scheduled to announce its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Stock Yards Bancorp will report full-year sales of $171.00 million for the current financial year, with estimates ranging from $170.70 million to $171.30 million. For the next fiscal year, analysts forecast that the business will post sales of $177.50 million, with estimates ranging from $176.80 million to $178.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.11. The firm had revenue of $43.04 million during the quarter, compared to analyst estimates of $42.35 million. Stock Yards Bancorp had a net margin of 32.58% and a return on equity of 16.33%.
Shares of NASDAQ:SYBT traded up $0.85 during trading on Friday, reaching $36.61. 27,955 shares of the company traded hands, compared to its average volume of 44,001. The firm has a fifty day simple moving average of $36.19 and a 200 day simple moving average of $35.20. The firm has a market cap of $831.93 million, a P/E ratio of 15.13 and a beta of 0.47. Stock Yards Bancorp has a 1-year low of $28.02 and a 1-year high of $39.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.22.
In other news, insider Kathy C. Thompson sold 5,800 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $35.02, for a total transaction of $203,116.00. Following the transaction, the insider now owns 35,648 shares in the company, valued at approximately $1,248,392.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy C. Thompson sold 2,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.77, for a total transaction of $100,156.00. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 338 shares of company stock worth $11,716 and have sold 14,709 shares worth $513,069. 8.30% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in SYBT. Nuveen Asset Management LLC bought a new position in shares of Stock Yards Bancorp during the 2nd quarter valued at $4,988,000. Heartland Advisors Inc. raised its holdings in shares of Stock Yards Bancorp by 72.6% during the 2nd quarter. Heartland Advisors Inc. now owns 244,551 shares of the bank’s stock valued at $8,841,000 after purchasing an additional 102,832 shares in the last quarter. Norges Bank bought a new position in shares of Stock Yards Bancorp during the 4th quarter valued at $2,428,000. River Road Asset Management LLC raised its holdings in shares of Stock Yards Bancorp by 28.4% during the 1st quarter. River Road Asset Management LLC now owns 252,793 shares of the bank’s stock valued at $8,547,000 after purchasing an additional 55,979 shares in the last quarter. Finally, American Research & Management Co. raised its holdings in shares of Stock Yards Bancorp by 162.6% during the 2nd quarter. American Research & Management Co. now owns 64,525 shares of the bank’s stock valued at $2,333,000 after purchasing an additional 39,950 shares in the last quarter. Institutional investors and hedge funds own 49.84% of the company’s stock.
Stock Yards Bancorp Company Profile
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, money market deposits, and time deposits.
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