Wall Street analysts expect Stock Yards Bancorp, Inc. (NASDAQ:SYBT) to report $37.81 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Stock Yards Bancorp’s earnings, with the lowest sales estimate coming in at $37.40 million and the highest estimate coming in at $38.22 million. Stock Yards Bancorp reported sales of $36.12 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The company is expected to announce its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Stock Yards Bancorp will report full-year sales of $37.81 million for the current year, with estimates ranging from $148.20 million to $149.85 million. For the next fiscal year, analysts expect that the company will post sales of $158.17 million per share, with estimates ranging from $157.23 million to $159.10 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.11%. The firm had revenue of $36.91 million for the quarter, compared to analyst estimates of $37.06 million.

Several research firms have commented on SYBT. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 29th. BidaskClub cut shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Hilliard Lyons raised shares of Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a research note on Thursday, May 25th.

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In other Stock Yards Bancorp news, insider Kathy C. Thompson sold 1,816 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.20, for a total transaction of $63,923.20. Following the transaction, the insider now owns 40,161 shares of the company’s stock, valued at approximately $1,413,667.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David P. Heintzman sold 2,541 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $39.35, for a total transaction of $99,988.35. Following the transaction, the chief executive officer now directly owns 169,309 shares in the company, valued at approximately $6,662,309.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,378 shares of company stock worth $352,461. 6.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Stock Yards Bancorp during the first quarter valued at approximately $194,000. Oxford Asset Management acquired a new position in shares of Stock Yards Bancorp during the first quarter valued at about $478,000. John W. Rosenthal Capital Management Inc. boosted its position in shares of Stock Yards Bancorp by 4.3% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 158,480 shares of the bank’s stock valued at $6,442,000 after buying an additional 6,600 shares in the last quarter. HL Financial Services LLC boosted its position in shares of Stock Yards Bancorp by 23.0% in the first quarter. HL Financial Services LLC now owns 59,503 shares of the bank’s stock valued at $2,419,000 after buying an additional 11,118 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Stock Yards Bancorp by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 273,640 shares of the bank’s stock valued at $11,123,000 after buying an additional 1,955 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Stock Yards Bancorp (SYBT) opened at 34.65 on Friday. The firm has a market capitalization of $785.13 million, a price-to-earnings ratio of 18.83 and a beta of 0.66. The stock’s 50 day moving average is $36.85 and its 200-day moving average is $39.76. Stock Yards Bancorp has a 52 week low of $29.69 and a 52 week high of $48.05.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.80 annualized dividend and a yield of 2.31%. Stock Yards Bancorp’s payout ratio is 43.24%.

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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Earnings History and Estimates for Stock Yards Bancorp (NASDAQ:SYBT)

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