Wall Street analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce $40.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stock Yards Bancorp’s earnings. The highest sales estimate is $41.40 million and the lowest is $40.50 million. Stock Yards Bancorp reported sales of $37.27 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The business is expected to announce its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full year sales of $160.40 million for the current financial year, with estimates ranging from $159.50 million to $161.30 million. For the next financial year, analysts expect that the company will report sales of $167.60 million, with estimates ranging from $166.40 million to $168.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, July 25th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Stock Yards Bancorp had a return on equity of 14.66% and a net margin of 26.61%. The firm had revenue of $40.11 million during the quarter, compared to analysts’ expectations of $39.04 million.
Stock Yards Bancorp stock traded down $0.83 during mid-day trading on Friday, reaching $32.98. The stock had a trading volume of 32,500 shares, compared to its average volume of 54,106. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.91. Stock Yards Bancorp has a fifty-two week low of $32.92 and a fifty-two week high of $41.90. The stock has a market capitalization of $780.41 million, a PE ratio of 17.27 and a beta of 0.52.
The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 17th were given a dividend of $0.25 per share. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.03%. Stock Yards Bancorp’s payout ratio is presently 52.36%.
In related news, Director Paul J. Bickel III bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average price of $36.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the director now directly owns 6,725 shares in the company, valued at $242,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David P. Heintzman sold 2,571 shares of Stock Yards Bancorp stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $38.90, for a total value of $100,011.90. Following the transaction, the chief executive officer now directly owns 170,552 shares in the company, valued at approximately $6,634,472.80. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 2,765 shares of company stock worth $102,006. 6.20% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Stock Yards Bancorp during the first quarter worth $128,000. ClariVest Asset Management LLC bought a new stake in Stock Yards Bancorp during the second quarter worth $206,000. Citigroup Inc. lifted its holdings in Stock Yards Bancorp by 66.1% during the first quarter. Citigroup Inc. now owns 5,619 shares of the bank’s stock worth $197,000 after acquiring an additional 2,236 shares during the period. Sigma Planning Corp bought a new stake in Stock Yards Bancorp during the second quarter worth $251,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stock Yards Bancorp during the second quarter worth $283,000. 47.61% of the stock is currently owned by institutional investors.
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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