Stock Yards Bancorp (SYBT) to Release Quarterly Earnings on Wednesday

Stock Yards Bancorp (NASDAQ:SYBT) is scheduled to be releasing its earnings data on Wednesday, April 24th.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, January 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). The business had revenue of $119.66 million for the quarter, compared to analysts’ expectations of $82.60 million. Stock Yards Bancorp had a return on equity of 13.20% and a net margin of 24.54%. On average, analysts expect Stock Yards Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Stock Yards Bancorp Stock Performance

Shares of SYBT stock opened at $44.90 on Tuesday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.23 and a beta of 0.81. The stock has a 50 day simple moving average of $45.66 and a 200-day simple moving average of $46.13. Stock Yards Bancorp has a 12-month low of $36.93 and a 12-month high of $53.15. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 32.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SYBT. Hovde Group began coverage on Stock Yards Bancorp in a research note on Monday, March 4th. They set an “outperform” rating for the company. Piper Sandler initiated coverage on Stock Yards Bancorp in a research note on Wednesday, March 6th. They issued a “neutral” rating and a $52.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.00.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.