Stock Yards Bancorp (SYBT) Scheduled to Post Earnings on Wednesday

Stock Yards Bancorp (NASDAQ:SYBT) will be posting its quarterly earnings results on Wednesday, April 24th.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). Stock Yards Bancorp had a return on equity of 13.20% and a net margin of 24.54%. The company had revenue of $119.66 million during the quarter, compared to the consensus estimate of $82.60 million. 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 Down 0.9 %

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

Stock Yards Bancorp Dividend Announcement

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

Analyst Ratings Changes

SYBT has been the topic of a number of recent analyst reports. Piper Sandler started coverage on Stock Yards Bancorp in a report on Wednesday, March 6th. They set a “neutral” rating and a $52.00 target price on the stock. Hovde Group started coverage on Stock Yards Bancorp in a research note on Monday, March 4th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Stock Yards Bancorp Company Profile

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.