Analysts forecast that Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Get Rating) will report $77.60 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Stock Yards Bancorp’s earnings. The highest sales estimate is $79.00 million and the lowest is $76.20 million. Stock Yards Bancorp posted sales of $57.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.3%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Stock Yards Bancorp will report full-year sales of $307.95 million for the current fiscal year, with estimates ranging from $300.90 million to $315.00 million. For the next financial year, analysts expect that the company will post sales of $334.45 million, with estimates ranging from $330.90 million to $338.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). Stock Yards Bancorp had a net margin of 30.73% and a return on equity of 15.65%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chatham Capital Group Inc. raised its stake in shares of Stock Yards Bancorp by 1.4% during the 1st quarter. Chatham Capital Group Inc. now owns 28,110 shares of the bank’s stock valued at $1,487,000 after buying an additional 396 shares during the last quarter. Atlas Brown Inc. raised its stake in shares of Stock Yards Bancorp by 4.0% during the 1st quarter. Atlas Brown Inc. now owns 10,240 shares of the bank’s stock valued at $542,000 after buying an additional 390 shares during the last quarter. Diversified Trust Co raised its stake in shares of Stock Yards Bancorp by 9.4% during the 1st quarter. Diversified Trust Co now owns 4,300 shares of the bank’s stock valued at $227,000 after buying an additional 370 shares during the last quarter. Cox Capital Mgt LLC raised its stake in shares of Stock Yards Bancorp by 3.0% during the 1st quarter. Cox Capital Mgt LLC now owns 66,569 shares of the bank’s stock valued at $3,522,000 after buying an additional 1,922 shares during the last quarter. Finally, American Trust purchased a new position in shares of Stock Yards Bancorp during the 4th quarter valued at about $661,000. Institutional investors and hedge funds own 50.59% of the company’s stock.
Shares of SYBT opened at $52.86 on Friday. Stock Yards Bancorp has a 12 month low of $45.92 and a 12 month high of $67.40. The stock has a fifty day moving average price of $53.46 and a 200-day moving average price of $59.04. The firm has a market cap of $1.41 billion, a PE ratio of 17.98 and a beta of 0.75.
The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Monday, March 21st were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 18th. This represents a $1.12 dividend on an annualized basis and a yield of 2.12%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 38.10%.
Stock Yards Bancorp Company Profile (Get Rating)
Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company and SYB Insurance Company, Inc that provides various banking products and services in Louisville, Indianapolis, Indiana, and Ohio. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment provides mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and leasing, treasury management, merchant, international banking, correspondent banking, and other banking services.
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