Analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will report $38.01 million in sales 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 reported sales of $36.39 million in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is scheduled to announce its next earnings report on Thursday, January 25th.

On average, analysts expect that Stock Yards Bancorp will report full-year sales of $38.01 million for the current financial year, with estimates ranging from $147.70 million to $149.13 million. For the next year, analysts expect that the firm 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 calculations are an average based on a survey of sell-side research firms that cover 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, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a net margin of 28.57% and a return on equity of 13.51%. The business had revenue of $37.27 million for the quarter, compared to analysts’ expectations of $37.81 million. During the same period last year, the company earned $0.46 earnings per share.

Several research firms recently issued reports on SYBT. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

Stock Yards Bancorp (NASDAQ SYBT) traded down $0.25 on Friday, hitting $38.55. 22,465 shares of the company traded hands, compared to its average volume of 39,535. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. Stock Yards Bancorp has a twelve month low of $31.90 and a twelve month high of $47.15. The firm has a market capitalization of $879.62, a PE ratio of 20.29 and a beta of 0.69.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 8th. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.18%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 44.21%.

In other Stock Yards Bancorp news, CEO David P. Heintzman sold 1,264 shares of Stock Yards Bancorp stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.55, for a total transaction of $49,991.20. Following the transaction, the chief executive officer now directly owns 165,809 shares of the company’s stock, valued at $6,557,745.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Bickel III purchased 2,510 shares of Stock Yards Bancorp stock in a transaction on Tuesday, December 26th. The shares were acquired at an average cost of $38.15 per share, for a total transaction of $95,756.50. Following the completion of the transaction, the director now owns 4,250 shares of the company’s stock, valued at $162,137.50. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 3,159 shares of company stock worth $121,005 and sold 9,372 shares worth $365,453. 6.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Stock Yards Bancorp by 1.9% during the second quarter. Vanguard Group Inc. now owns 915,298 shares of the bank’s stock valued at $35,604,000 after buying an additional 16,902 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Stock Yards Bancorp by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 800,868 shares of the bank’s stock valued at $30,432,000 after buying an additional 11,455 shares in the last quarter. State Street Corp lifted its position in Stock Yards Bancorp by 4.8% during the second quarter. State Street Corp now owns 415,829 shares of the bank’s stock valued at $16,181,000 after buying an additional 19,091 shares in the last quarter. Walthausen & Co. LLC lifted its position in Stock Yards Bancorp by 15.6% during the third quarter. Walthausen & Co. LLC now owns 319,448 shares of the bank’s stock valued at $12,139,000 after buying an additional 43,160 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Stock Yards Bancorp by 4.7% during the second quarter. Northern Trust Corp now owns 314,214 shares of the bank’s stock valued at $12,223,000 after buying an additional 14,194 shares in the last quarter. 47.71% of the stock is currently owned by hedge funds and other 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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