Zacks: Brokerages Anticipate Stock Yards Bancorp Inc (SYBT) to Announce $0.59 EPS
Equities analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will post earnings per share of $0.59 for the current quarter, according to Zacks. Two analysts have made estimates for Stock Yards Bancorp’s earnings. Stock Yards Bancorp reported earnings per share of $0.58 during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The business is expected to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.38 to $2.52. For the next financial year, analysts expect that the firm will post earnings of $2.55 per share, with EPS estimates ranging from $2.51 to $2.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Thursday, January 24th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The company had revenue of $41.49 million for the quarter, compared to analyst estimates of $40.40 million. Stock Yards Bancorp had a net margin of 31.70% and a return on equity of 16.07%.
NASDAQ:SYBT traded up $0.02 on Wednesday, reaching $35.48. The stock had a trading volume of 130 shares, compared to its average volume of 58,946. The firm has a market cap of $806.55 million, a price-to-earnings ratio of 14.66 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14. Stock Yards Bancorp has a 12-month low of $28.02 and a 12-month high of $41.00.
In other news, Chairman David P. Heintzman sold 2,865 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $34.91, for a total transaction of $100,017.15. Following the transaction, the chairman now directly owns 142,437 shares in the company, valued at approximately $4,972,475.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kathy C. Thompson sold 1,500 shares of the stock in a transaction dated Monday, December 31st. The stock was sold at an average price of $32.63, for a total transaction of $48,945.00. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 2,652 shares of company stock worth $84,733 and sold 5,865 shares worth $197,907. 8.42% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in SYBT. Quantamental Technologies LLC acquired a new stake in Stock Yards Bancorp during the 4th quarter worth approximately $29,000. Bank of Montreal Can increased its position in Stock Yards Bancorp by 35.7% during the 4th quarter. Bank of Montreal Can now owns 2,704 shares of the bank’s stock worth $89,000 after purchasing an additional 712 shares in the last quarter. First Hawaiian Bank acquired a new stake in Stock Yards Bancorp during the 4th quarter worth approximately $114,000. Russell Investments Group Ltd. increased its position in Stock Yards Bancorp by 116.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,026 shares of the bank’s stock worth $146,000 after purchasing an additional 2,168 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Stock Yards Bancorp during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 49.92% of the company’s stock.
About Stock Yards Bancorp
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.
Read More: Derivative
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stock Yards Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.