Stock Yards Bancorp (SYBT) to Release Earnings on Wednesday

Stock Yards Bancorp (NASDAQ:SYBT) is anticipated to release its earnings data 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) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.00 EPS 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 the consensus estimate of $87.57 million. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.00%. 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

Shares of SYBT opened at $73.12 on Monday. The firm has a market capitalization of $2.15 billion, a PE ratio of 20.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day moving average is $73.95 and its 200-day moving average is $64.97. Stock Yards Bancorp has a fifty-two week low of $42.35 and a fifty-two week high of $79.79.

Stock Yards Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.70%. Stock Yards Bancorp’s payout ratio is presently 34.07%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SYBT shares. Hovde Group lowered Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $67.00 to $68.00 in a research note on Thursday, October 24th. Piper Sandler raised their price target on Stock Yards Bancorp from $65.50 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Stephens cut shares of Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $70.00 to $76.00 in a research report on Friday, November 15th.

Insiders Place Their Bets

In related news, EVP Michael Rehm sold 2,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $74.81, for a total transaction of $198,246.50. Following the sale, the executive vice president now owns 16,927 shares of the company’s stock, valued at $1,266,308.87. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David P. Heintzman sold 7,659 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $65.98, for a total value of $505,340.82. Following the completion of the transaction, the director now directly owns 99,411 shares of the company’s stock, valued at approximately $6,559,137.78. The trade was a 7.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,614 shares of company stock valued at $2,347,890. 3.90% of the stock is currently owned by corporate insiders.

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.