Equities research analysts expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to announce $0.55 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Stock Yards Bancorp’s earnings, with estimates ranging from $0.54 to $0.55. Stock Yards Bancorp posted earnings per share of $0.47 in the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The company is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.17 to $2.29. For the next financial year, analysts forecast that the business will report earnings of $2.40 per share, with EPS estimates ranging from $2.36 to $2.43. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Stock Yards Bancorp.
Several brokerages recently commented on SYBT. BidaskClub raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price target on shares of Stock Yards Bancorp in a research note on Friday, January 26th.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at $118,000. SeaCrest Wealth Management LLC bought a new stake in Stock Yards Bancorp during the 4th quarter valued at $206,000. GSA Capital Partners LLP bought a new stake in Stock Yards Bancorp during the 3rd quarter valued at $233,000. Highbridge Capital Management LLC bought a new stake in Stock Yards Bancorp during the 3rd quarter valued at $246,000. Finally, Susquehanna International Group LLP bought a new stake in Stock Yards Bancorp during the 2nd quarter valued at $261,000. 47.87% of the stock is owned by institutional investors.
Shares of Stock Yards Bancorp (SYBT) opened at $35.55 on Wednesday. Stock Yards Bancorp has a 12-month low of $31.90 and a 12-month high of $46.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $805.94, a P/E ratio of 21.55 and a beta of 0.62.
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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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