Stock Yards Bancorp (SYBT) to Release Earnings on Wednesday

Stock Yards Bancorp (NASDAQ:SYBT) is anticipated 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) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. Stock Yards Bancorp had a net margin of 21.62% and a return on equity of 12.00%. The company had revenue of $130.52 million for the quarter, compared to the consensus estimate of $87.57 million. 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 Trading Up 2.0 %

Shares of SYBT opened at $73.12 on Tuesday. The stock’s 50-day moving average price is $73.88 and its 200 day moving average price is $65.13. 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 firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 20.09 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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.31 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.24 annualized dividend and a yield of 1.70%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 34.07%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Hovde Group lowered Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $67.00 to $68.00 in a research note on Thursday, October 24th. Finally, Stephens lowered Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $70.00 to $76.00 in a research note on Friday, November 15th.

Insider Transactions at Stock Yards Bancorp

In other Stock Yards Bancorp news, Director David P. Heintzman sold 7,659 shares of the 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 transaction, the director now owns 99,411 shares of the company’s stock, valued at approximately $6,559,137.78. This represents a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Philip Poindexter sold 3,419 shares of Stock Yards Bancorp stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $75.55, for a total transaction of $258,305.45. Following the transaction, the president now directly owns 51,331 shares in the company, valued at $3,878,057.05. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,614 shares of company stock worth $2,347,890. Corporate insiders own 3.90% of the company’s stock.

About Stock Yards Bancorp

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.