$0.68 EPS Expected for Stock Yards Bancorp Inc (NASDAQ:SYBT) This Quarter

Equities research analysts expect Stock Yards Bancorp Inc (NASDAQ:SYBT) to announce earnings per share (EPS) of $0.68 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stock Yards Bancorp’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. Stock Yards Bancorp reported earnings of $0.64 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The business is scheduled to issue its next earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Stock Yards Bancorp will report full-year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.86. For the next year, analysts expect that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.52 to $2.72. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.11. Stock Yards Bancorp had a return on equity of 16.95% and a net margin of 33.17%. The business had revenue of $45.37 million during the quarter, compared to the consensus estimate of $43.45 million.

Several analysts have recently weighed in on SYBT shares. Zacks Investment Research lowered Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded Stock Yards Bancorp from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, ValuEngine lowered Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 26th.

In other news, Chairman David P. Heintzman sold 2,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.62, for a total transaction of $73,240.00. Following the sale, the chairman now directly owns 149,962 shares of the company’s stock, valued at $5,491,608.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Croce sold 970 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $38.09, for a total value of $36,947.30. Following the sale, the executive vice president now directly owns 12,686 shares in the company, valued at $483,209.74. The disclosure for this sale can be found here. In the last 90 days, insiders bought 362 shares of company stock valued at $13,356 and sold 29,784 shares valued at $1,110,650. Corporate insiders own 8.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new position in Stock Yards Bancorp in the 2nd quarter worth about $4,988,000. Heartland Advisors Inc. increased its position in Stock Yards Bancorp by 72.6% in the 2nd quarter. Heartland Advisors Inc. now owns 244,551 shares of the bank’s stock worth $8,841,000 after purchasing an additional 102,832 shares during the last quarter. American Research & Management Co. increased its position in Stock Yards Bancorp by 162.6% in the 2nd quarter. American Research & Management Co. now owns 64,525 shares of the bank’s stock worth $2,333,000 after purchasing an additional 39,950 shares during the last quarter. Wells Fargo & Company MN increased its position in Stock Yards Bancorp by 60.8% in the 2nd quarter. Wells Fargo & Company MN now owns 98,622 shares of the bank’s stock worth $3,565,000 after purchasing an additional 37,304 shares during the last quarter. Finally, Eaton Vance Management increased its position in Stock Yards Bancorp by 10.5% in the 2nd quarter. Eaton Vance Management now owns 355,821 shares of the bank’s stock worth $12,863,000 after purchasing an additional 33,918 shares during the last quarter. 51.10% of the stock is currently owned by institutional investors.

SYBT traded down $0.54 during trading on Thursday, reaching $40.69. 44,500 shares of the company were exchanged, compared to its average volume of 43,712. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22. The stock has a market cap of $926.28 million, a P/E ratio of 16.81 and a beta of 0.49. The firm has a 50 day moving average of $37.70 and a 200 day moving average of $36.08. Stock Yards Bancorp has a 52 week low of $28.02 and a 52 week high of $41.42.

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, money market deposits, and time deposits.

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