Stock Yards Bancorp (SYBT) to Release Quarterly Earnings on Wednesday

Stock Yards Bancorp (NASDAQ:SYBT) is expected to be releasing 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 issued its earnings results on Wednesday, October 23rd. The bank reported $1.00 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 2.9 %

NASDAQ:SYBT traded up $2.02 during midday trading on Wednesday, reaching $72.77. 156,902 shares of the stock traded hands, compared to its average volume of 120,445. The stock has a market capitalization of $2.14 billion, a P/E 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. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $73.97 and a 200 day moving average of $64.54.

Stock Yards Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Monday, December 16th. Stock Yards Bancorp’s dividend payout ratio (DPR) is 34.07%.

Insider Buying and Selling

In other news, President Philip Poindexter sold 3,419 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $75.55, for a total value of $258,305.45. Following the completion of the transaction, the president now owns 51,331 shares in the company, valued at $3,878,057.05. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Heintzman sold 3,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $78.10, for a total value of $273,350.00. Following the completion of the sale, the director now directly owns 21,411 shares in the company, valued at approximately $1,672,199.10. The trade was a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,614 shares of company stock valued at $2,347,890 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SYBT. Hovde Group cut Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $67.00 to $68.00 in a research note on Thursday, October 24th. Piper Sandler boosted their target price on Stock Yards Bancorp from $65.50 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Stephens downgraded Stock Yards Bancorp from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $70.00 to $76.00 in a report on Friday, November 15th.

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.