Equities analysts predict that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce sales of $44.21 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stock Yards Bancorp’s earnings, with the lowest sales estimate coming in at $43.80 million and the highest estimate coming in at $44.61 million. Stock Yards Bancorp posted sales of $41.49 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The company is expected to announce its next quarterly earnings results on Thursday, January 23rd.
According to Zacks, analysts expect that Stock Yards Bancorp will report full year sales of $173.09 million for the current financial year, with estimates ranging from $172.90 million to $173.27 million. For the next financial year, analysts expect that the company will post sales of $178.01 million, with estimates ranging from $176.60 million to $179.42 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Stock Yards Bancorp.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11. Stock Yards Bancorp had a net margin of 33.17% and a return on equity of 16.95%. The company had revenue of $45.37 million during the quarter, compared to the consensus estimate of $43.45 million.
Stock Yards Bancorp stock opened at $40.69 on Friday. The firm has a 50-day moving average of $37.70 and a 200-day moving average of $36.08. Stock Yards Bancorp has a one year low of $28.02 and a one year high of $41.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $926.28 million, a price-to-earnings ratio of 16.81 and a beta of 0.49.
In other news, President Philip Poindexter sold 2,464 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $38.00, for a total value of $93,632.00. Following the sale, the president now directly owns 29,533 shares of the company’s stock, valued at approximately $1,122,254. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathy C. Thompson sold 2,600 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $39.29, for a total transaction of $102,154.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 362 shares of company stock valued at $13,356 and have sold 29,784 shares valued at $1,110,650. Corporate insiders own 8.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of Stock Yards Bancorp by 12.6% in the 2nd quarter. Bank of Montreal Can now owns 4,777 shares of the bank’s stock valued at $172,000 after purchasing an additional 534 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Stock Yards Bancorp by 9.0% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 8,078 shares of the bank’s stock valued at $292,000 after purchasing an additional 667 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Stock Yards Bancorp by 0.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 124,719 shares of the bank’s stock valued at $4,509,000 after purchasing an additional 792 shares during the period. Swiss National Bank raised its holdings in shares of Stock Yards Bancorp by 2.0% in the 2nd quarter. Swiss National Bank now owns 40,223 shares of the bank’s stock valued at $1,454,000 after purchasing an additional 800 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at about $30,000. 51.10% of the stock is currently owned by institutional investors.
About Stock Yards Bancorp
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, money market deposits, and time deposits.
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