Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Set to Announce Quarterly Earnings on Tuesday
Stock Yards Bancorp, Inc. (NASDAQ:SYBT) will issue its quarterly earnings data before the market opens on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $35.98 million for the quarter, compared to analyst estimates of $36.25 million. Stock Yards Bancorp had a return on equity of 13.43% and a net margin of 28.30%. During the same period in the prior year, the company earned $0.44 EPS. On average, analysts expect Stock Yards Bancorp to post $1.93 EPS for the current fiscal year and $2.06 EPS for the next fiscal year.
Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) opened at 37.55 on Tuesday. Stock Yards Bancorp, Inc. has a 52-week low of $28.53 and a 52-week high of $48.05. The company’s 50-day moving average price is $37.62 and its 200-day moving average price is $41.91. The company has a market capitalization of $850.88 million, a price-to-earnings ratio of 20.52 and a beta of 0.68.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were given a dividend of $0.20 per share. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, June 8th. Stock Yards Bancorp’s payout ratio is currently 43.48%.
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SYBT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Hilliard Lyons upgraded shares of Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Thursday, May 25th. Finally, BidaskClub downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
In other Stock Yards Bancorp news, CEO David P. Heintzman sold 1,508 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $39.80, for a total transaction of $60,018.40. Following the sale, the chief executive officer now owns 169,309 shares of the company’s stock, valued at $6,738,498.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David P. Heintzman sold 1,357 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $36.85, for a total transaction of $50,005.45. Following the sale, the chief executive officer now directly owns 169,309 shares in the company, valued at approximately $6,239,036.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 238 shares of company stock valued at $9,229 and have sold 9,199 shares valued at $358,577. 6.20% of the stock is owned by insiders.
About Stock Yards Bancorp
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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