Analysts Expect Stock Yards Bancorp Inc (SYBT) Will Announce Earnings of $0.59 Per Share

Brokerages expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to report earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stock Yards Bancorp’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.59. Stock Yards Bancorp posted earnings of $0.46 per share in the same quarter last year, which would indicate a positive year over year growth rate of 28.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, July 25th.

On average, analysts expect that Stock Yards Bancorp will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.39. For the next year, analysts expect that the company will report earnings of $2.46 per share, with EPS estimates ranging from $2.45 to $2.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, April 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The firm had revenue of $38.22 million during the quarter, compared to the consensus estimate of $38.43 million. Stock Yards Bancorp had a net margin of 25.54% and a return on equity of 13.98%.



Several equities research analysts have issued reports on SYBT shares. FIG Partners upgraded shares of Stock Yards Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 26th. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Tuesday, April 3rd. BidaskClub upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 26th. Finally, ValuEngine downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stock Yards Bancorp presently has a consensus rating of “Hold” and a consensus price target of $42.50.

In other news, CEO David P. Heintzman sold 8,967 shares of Stock Yards Bancorp stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $39.85, for a total value of $357,334.95. Following the completion of the sale, the chief executive officer now directly owns 170,552 shares in the company, valued at $6,796,497.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William Dishman acquired 1,755 shares of the stock in a transaction on Monday, March 26th. The shares were purchased at an average price of $36.18 per share, with a total value of $63,495.90. Following the completion of the transaction, the insider now owns 17,584 shares of the company’s stock, valued at $636,189.12. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 4,093 shares of company stock valued at $150,420. 8.42% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Stock Yards Bancorp by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,541,618 shares of the bank’s stock valued at $58,121,000 after purchasing an additional 18,775 shares in the last quarter. Champlain Investment Partners LLC raised its position in Stock Yards Bancorp by 12.8% during the fourth quarter. Champlain Investment Partners LLC now owns 886,876 shares of the bank’s stock valued at $33,435,000 after purchasing an additional 100,720 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Stock Yards Bancorp by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 841,352 shares of the bank’s stock valued at $29,531,000 after purchasing an additional 32,306 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Stock Yards Bancorp by 111.4% during the first quarter. The Manufacturers Life Insurance Company now owns 454,833 shares of the bank’s stock valued at $15,965,000 after purchasing an additional 239,636 shares in the last quarter. Finally, Northern Trust Corp raised its position in Stock Yards Bancorp by 1.0% during the first quarter. Northern Trust Corp now owns 285,596 shares of the bank’s stock valued at $10,024,000 after purchasing an additional 2,809 shares in the last quarter. Institutional investors and hedge funds own 47.47% of the company’s stock.

SYBT stock traded up $0.10 during mid-day trading on Wednesday, hitting $39.70. 41,176 shares of the company were exchanged, compared to its average volume of 64,403. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $900.18 million, a PE ratio of 20.79 and a beta of 0.64. Stock Yards Bancorp has a 1-year low of $31.90 and a 1-year high of $41.90.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Monday, June 18th will be given a $0.23 dividend. The ex-dividend date is Friday, June 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.32%. Stock Yards Bancorp’s payout ratio is 48.17%.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits.

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