Stock Yards Bancorp (NASDAQ:SYBT) Posts Earnings Results, Beats Estimates By $0.04 EPS

Stock Yards Bancorp (NASDAQ:SYBT) posted its quarterly earnings results on Tuesday. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04, Zacks reports. Stock Yards Bancorp had a net margin of 24.50% and a return on equity of 13.65%.

Stock Yards Bancorp Stock Up 0.1%

SYBT traded up $0.09 during trading on Tuesday, hitting $68.10. 84,395 shares of the company’s stock traded hands, compared to its average volume of 127,400. Stock Yards Bancorp has a 12-month low of $60.75 and a 12-month high of $83.83. The company’s 50 day simple moving average is $67.13 and its two-hundred day simple moving average is $71.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.87 and a beta of 0.69.

Stock Yards Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 27.95%.

Insiders Place Their Bets

In other Stock Yards Bancorp news, Director David L. Hardy purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average cost of $66.53 per share, for a total transaction of $133,060.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $133,060. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Stock Yards Bancorp

A number of hedge funds have recently made changes to their positions in SYBT. Quarry LP purchased a new position in shares of Stock Yards Bancorp in the 3rd quarter worth $28,000. Brown Brothers Harriman & Co. purchased a new position in Stock Yards Bancorp in the third quarter worth about $45,000. Advisory Services Network LLC bought a new stake in Stock Yards Bancorp during the third quarter worth approximately $124,000. Sei Investments Co. bought a new stake in Stock Yards Bancorp during the second quarter worth approximately $207,000. Finally, Inceptionr LLC purchased a new stake in Stock Yards Bancorp during the third quarter valued at approximately $210,000. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stock Yards Bancorp in a report on Monday, December 29th. Wall Street Zen upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.67.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.