Analysts Anticipate Stock Yards Bancorp Inc (SYBT) to Announce $0.55 Earnings Per Share

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 recommendation.

Brokers have set a 1-year consensus target price of $40.00 for the company and are expecting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given Stock Yards Bancorp an industry rank of 17 out of 265 based on the ratings given to related companies.

Several research firms have recently commented on SYBT. BidaskClub upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price target on shares of Stock Yards Bancorp in a research report on Friday, January 26th.

In other Stock Yards Bancorp news, Director Paul J. Bickel III purchased 2,510 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average cost of $38.15 per share, for a total transaction of $95,756.50. Following the completion of the purchase, the director now directly owns 4,250 shares in the company, valued at $162,137.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathy C. Thompson sold 2,500 shares of the firm’s stock in a transaction on 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 $1,570,840.20. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 2,671 shares of company stock valued at $102,008. 6.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of SYBT. SG Americas Securities LLC acquired a new stake in Stock Yards Bancorp in the third quarter valued at $118,000. SeaCrest Wealth Management LLC acquired a new stake in Stock Yards Bancorp in the fourth quarter valued at $206,000. GSA Capital Partners LLP acquired a new stake in Stock Yards Bancorp in the third quarter valued at $233,000. Highbridge Capital Management LLC acquired a new stake in Stock Yards Bancorp in the third quarter valued at $246,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Stock Yards Bancorp during the second quarter worth about $261,000. Institutional investors own 47.87% of the company’s stock.

Shares of Stock Yards Bancorp (SYBT) traded up $0.55 during trading on Monday, reaching $36.00. The company had a trading volume of 202,500 shares, compared to its average volume of 51,406. The stock has a market capitalization of $816.44, a price-to-earnings ratio of 21.69 and a beta of 0.62. Stock Yards Bancorp has a 52 week low of $31.90 and a 52 week high of $46.35. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

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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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