Zacks: Analysts Anticipate Stock Yards Bancorp Inc (SYBT) to Post $0.62 Earnings Per Share

Analysts predict that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce $0.62 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Stock Yards Bancorp’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.61. Stock Yards Bancorp reported earnings per share of $0.59 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The company is scheduled to report its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Stock Yards Bancorp will report full-year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.59. For the next fiscal year, analysts forecast that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.09. Stock Yards Bancorp had a net margin of 31.99% and a return on equity of 16.01%. The company had revenue of $40.72 million during the quarter, compared to the consensus estimate of $41.10 million.

Several equities research analysts recently weighed in on SYBT shares. Zacks Investment Research raised shares of Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, April 19th. ValuEngine downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, BidaskClub downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.

In related news, Chairman David P. Heintzman sold 5,686 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.64, for a total value of $202,649.04. Following the completion of the sale, the chairman now owns 150,962 shares of the company’s stock, valued at $5,380,285.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David P. Heintzman sold 4,322 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $34.71, for a total transaction of $150,016.62. Following the completion of the sale, the chairman now directly owns 150,962 shares of the company’s stock, valued at approximately $5,239,891.02. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 472 shares of company stock valued at $16,250 and sold 13,023 shares valued at $461,658. Corporate insiders own 8.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Stock Yards Bancorp by 1.8% in the 4th quarter. BlackRock Inc. now owns 1,634,286 shares of the bank’s stock valued at $53,604,000 after acquiring an additional 29,046 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in Stock Yards Bancorp by 0.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 1,008,731 shares of the bank’s stock valued at $33,086,000 after acquiring an additional 2,571 shares during the last quarter. Vanguard Group Inc lifted its holdings in Stock Yards Bancorp by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 969,982 shares of the bank’s stock valued at $35,211,000 after acquiring an additional 5,798 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Stock Yards Bancorp by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 969,982 shares of the bank’s stock valued at $35,211,000 after acquiring an additional 5,798 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Stock Yards Bancorp by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 920,952 shares of the bank’s stock valued at $30,207,000 after acquiring an additional 11,699 shares during the last quarter. 50.95% of the stock is owned by institutional investors.

Shares of SYBT traded up $0.01 during midday trading on Wednesday, hitting $34.33. 29,900 shares of the stock traded hands, compared to its average volume of 44,655. The company has a market cap of $772.78 million, a price-to-earnings ratio of 14.19 and a beta of 0.42. Stock Yards Bancorp has a 1-year low of $28.02 and a 1-year high of $41.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.94 and a current ratio of 0.94.

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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