Equities research analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will report $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stock Yards Bancorp’s earnings. Stock Yards Bancorp reported earnings per share of $0.47 during the same quarter last year, which suggests a positive year over year growth rate of 29.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Stock Yards Bancorp will report full year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.38 to $2.39. For the next year, analysts anticipate that the firm will report earnings of $2.46 per share, with EPS estimates ranging from $2.45 to $2.47. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $39.95 million during the quarter, compared to the consensus estimate of $40.95 million. Stock Yards Bancorp had a net margin of 27.08% and a return on equity of 15.10%. During the same quarter in the prior year, the firm earned $0.51 EPS.

Several research firms have recently weighed in on SYBT. Zacks Investment Research lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. BidaskClub lowered shares of Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Finally, ValuEngine lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Stock Yards Bancorp currently has a consensus rating of “Hold” and a consensus price target of $42.00.

NASDAQ:SYBT opened at $31.82 on Monday. The firm has a market capitalization of $727.85 million, a PE ratio of 16.66 and a beta of 0.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.92 and a quick ratio of 0.91. Stock Yards Bancorp has a twelve month low of $29.69 and a twelve month high of $41.90.

In related news, Director Carl G. Herde acquired 5,000 shares of the stock in a transaction dated Monday, October 29th. The stock was bought at an average price of $30.75 per share, for a total transaction of $153,750.00. Following the purchase, the director now directly owns 31,182 shares of the company’s stock, valued at approximately $958,846.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carl G. Herde acquired 1,000 shares of the stock in a transaction dated Tuesday, September 25th. The stock was bought at an average price of $36.60 per share, with a total value of $36,600.00. Following the purchase, the director now directly owns 26,149 shares in the company, valued at $957,053.40. The disclosure for this purchase can be found here. Insiders bought a total of 7,706 shares of company stock valued at $253,131 in the last quarter. 6.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SYBT. Wells Fargo & Company MN raised its holdings in Stock Yards Bancorp by 5.3% in the 1st quarter. Wells Fargo & Company MN now owns 43,371 shares of the bank’s stock valued at $1,523,000 after acquiring an additional 2,201 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Stock Yards Bancorp by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 841,352 shares of the bank’s stock valued at $29,531,000 after acquiring an additional 32,306 shares during the last quarter. Millennium Management LLC raised its holdings in Stock Yards Bancorp by 318.3% in the 1st quarter. Millennium Management LLC now owns 164,061 shares of the bank’s stock valued at $5,759,000 after acquiring an additional 124,837 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in Stock Yards Bancorp by 274.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 78,050 shares of the bank’s stock valued at $2,978,000 after acquiring an additional 57,187 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. raised its holdings in Stock Yards Bancorp by 0.8% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 913,800 shares of the bank’s stock valued at $34,861,000 after acquiring an additional 7,544 shares during the last quarter. 48.27% of the stock is owned by institutional investors and hedge funds.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits.

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Earnings History and Estimates for Stock Yards Bancorp (NASDAQ:SYBT)

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