Stock Yards Bancorp Inc (NASDAQ:SYBT) has received a consensus broker rating score of 3.00 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $40.00 for the company and are anticipating that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Stock Yards Bancorp an industry rank of 5 out of 265 based on the ratings given to its competitors.
Several research firms have commented on SYBT. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, December 6th. BidaskClub lowered shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price objective on shares of Stock Yards Bancorp in a research report on Friday.
Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Stock Yards Bancorp had a net margin of 24.39% and a return on equity of 13.45%. The business had revenue of $37.27 million during the quarter, compared to analyst estimates of $37.81 million. During the same quarter last year, the business earned $0.46 earnings per share. research analysts anticipate that Stock Yards Bancorp will post 2.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, December 8th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.20. Stock Yards Bancorp’s dividend payout ratio (DPR) is 50.60%.
In other news, insider Kathy C. Thompson sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.33, for a total value of $98,325.00. Following the completion of the sale, the insider now owns 39,940 shares in the company, valued at approximately $1,570,840.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Bickel III bought 2,510 shares of the stock in a transaction dated Tuesday, December 26th. The stock was purchased at an average price of $38.15 per share, with a total value of $95,756.50. Following the acquisition, the director now directly owns 4,250 shares in the company, valued at approximately $162,137.50. The disclosure for this purchase can be found here. Insiders bought a total of 3,171 shares of company stock valued at $121,438 in the last 90 days. Company insiders own 6.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Stock Yards Bancorp in the 3rd quarter worth about $118,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Stock Yards Bancorp by 784.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,095 shares of the bank’s stock worth $120,000 after acquiring an additional 2,745 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Stock Yards Bancorp in the 3rd quarter worth about $233,000. Highbridge Capital Management LLC purchased a new position in Stock Yards Bancorp in the 3rd quarter worth about $246,000. Finally, Susquehanna International Group LLP purchased a new position in Stock Yards Bancorp in the 2nd quarter worth about $261,000. Hedge funds and other institutional investors own 47.66% of the company’s stock.
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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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