Stock Yards Bancorp, Inc. (NASDAQ:SYBT) - Stock analysts at FIG Partners issued their Q1 2018 earnings per share (EPS) estimates for shares of Stock Yards Bancorp in a note issued to investors on Thursday. FIG Partners analyst J. Rodis anticipates that the bank will post earnings per share of $0.49 for the quarter. FIG Partners also issued estimates for Stock Yards Bancorp’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.51 EPS.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 15th. Hilliard Lyons raised Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price target for the company in a research note on Thursday, May 25th. Finally, BidaskClub downgraded Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
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Shares of Stock Yards Bancorp (NASDAQ:SYBT) traded down 2.34% during mid-day trading on Friday, hitting $35.45. The stock had a trading volume of 39,573 shares. The company has a 50-day moving average of $37.88 and a 200 day moving average of $40.82. Stock Yards Bancorp has a one year low of $29.05 and a one year high of $48.05. The firm has a market cap of $803.30 million, a price-to-earnings ratio of 19.37 and a beta of 0.68.
Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. Stock Yards Bancorp had a return on equity of 13.43% and a net margin of 28.30%. The firm had revenue of $36.91 million for the quarter, compared to analysts’ expectations of $37.06 million.
The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 12th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, June 8th. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.26%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 43.24%.
In other news, CEO David P. Heintzman sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $39.80, for a total transaction of $60,018.40. Following the completion of the sale, the chief executive officer now directly owns 169,309 shares of the company’s stock, valued at approximately $6,738,498.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David P. Heintzman sold 2,541 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $39.35, for a total value of $99,988.35. Following the sale, the chief executive officer now directly owns 169,309 shares of the company’s stock, valued at $6,662,309.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 244 shares of company stock valued at $9,042 and have sold 9,199 shares valued at $358,577. 6.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SYBT. Karp Capital Management Corp bought a new position in shares of Stock Yards Bancorp during the first quarter worth approximately $371,000. UBS Asset Management Americas Inc. bought a new position in shares of Stock Yards Bancorp during the first quarter worth approximately $228,000. Swiss National Bank raised its position in shares of Stock Yards Bancorp by 2.3% in the first quarter. Swiss National Bank now owns 35,323 shares of the bank’s stock worth $1,436,000 after buying an additional 800 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Stock Yards Bancorp by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 183,644 shares of the bank’s stock worth $7,465,000 after buying an additional 7,443 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Stock Yards Bancorp by 9.6% in the first quarter. First Trust Advisors LP now owns 41,792 shares of the bank’s stock worth $1,699,000 after buying an additional 3,650 shares in the last quarter. 48.64% of the stock is currently owned by institutional investors and hedge funds.
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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