Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Stock Yards Bancorp to post earnings of $0.99 per share and revenue of $91,000.00 billion for the quarter.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. The firm had revenue of $130.52 million for the quarter, compared to analysts' expectations of $87.57 million. Stock Yards Bancorp had a return on equity of 12.00% and a net margin of 21.62%. On average, analysts expect Stock Yards Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Stock Yards Bancorp Price Performance
NASDAQ:SYBT traded up $2.02 during mid-day trading on Wednesday, hitting $72.77. 156,902 shares of the stock traded hands, compared to its average volume of 120,445. The business's 50-day moving average price is $73.97 and its 200 day moving average price is $64.54. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.14 billion, a PE ratio of 19.99 and a beta of 0.86. Stock Yards Bancorp has a 12-month low of $42.35 and a 12-month high of $79.79.
Stock Yards Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Monday, December 16th. Stock Yards Bancorp's payout ratio is 34.07%.
Insider Transactions at Stock Yards Bancorp
In other Stock Yards Bancorp news, Director David P. Heintzman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.08, for a total value of $730,800.00. Following the completion of the sale, the director now owns 87,070 shares of the company's stock, valued at $6,363,075.60. This represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Philip Poindexter sold 3,419 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $75.55, for a total transaction of $258,305.45. Following the transaction, the president now owns 51,331 shares in the company, valued at $3,878,057.05. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,614 shares of company stock valued at $2,347,890. Insiders own 3.90% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SYBT. Piper Sandler upped their price target on shares of Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Stephens cut Stock Yards Bancorp from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $70.00 to $76.00 in a report on Friday, November 15th. Finally, Hovde Group downgraded Stock Yards Bancorp from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $67.00 to $68.00 in a research report on Thursday, October 24th.
Read Our Latest Stock Analysis on SYBT
About Stock Yards Bancorp
(
Get Free Report)
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.
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