Stock Yards Bancorp (SYBT) Set to Announce Quarterly Earnings on Wednesday

Stock Yards Bancorp (NASDAQ:SYBT) is set to release its earnings data on Wednesday, April 24th.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). The company had revenue of $119.66 million during the quarter, compared to the consensus estimate of $82.60 million. Stock Yards Bancorp had a net margin of 24.54% and a return on equity of 13.20%. On average, analysts expect Stock Yards Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Stock Yards Bancorp Price Performance

NASDAQ SYBT opened at $44.90 on Tuesday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 12.23 and a beta of 0.81. Stock Yards Bancorp has a 1 year low of $36.93 and a 1 year high of $53.15. The business’s fifty day moving average is $45.66 and its two-hundred day moving average is $46.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 0.88.

Stock Yards Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.67%. Stock Yards Bancorp’s dividend payout ratio is currently 32.70%.

Wall Street Analysts Forecast Growth

SYBT has been the topic of several research analyst reports. Hovde Group initiated coverage on shares of Stock Yards Bancorp in a research report on Monday, March 4th. They set an “outperform” rating on the stock. Piper Sandler initiated coverage on shares of Stock Yards Bancorp in a research report on Wednesday, March 6th. They set a “neutral” rating and a $52.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.00.

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.