Stock Yards Bancorp Inc (SYBT) Expected to Post Earnings of $0.55 Per Share

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.

In other Stock Yards Bancorp news, Director Paul J. Bickel III acquired 2,510 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was bought at an average price of $38.15 per share, with a total value of $95,756.50. Following the purchase, the director now owns 4,250 shares of the company’s stock, valued at $162,137.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathy C. Thompson sold 2,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.33, for a total transaction of $98,325.00. Following the completion of the sale, the insider now directly owns 39,940 shares of the company’s stock, valued at approximately $1,570,840.20. The disclosure for this sale can be found here. In the last three months, insiders acquired 2,671 shares of company stock valued at $102,008. Corporate insiders own 6.20% of the company’s stock.

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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