Bank Earnings

$ 0.75 per share earnings expected for Stock Yards Bancorp, Inc. (NASDAQ: SYBT) this quarter


Analysts expect Stock Yards Bancorp, Inc. (NASDAQ: SYBT) to report earnings per share of $ 0.75 for the current fiscal quarter, according to Zacks. Two analysts have provided earnings estimates for Stock Yards Bancorp. The highest EPS estimate is $ 0.81 and the lowest is $ 0.69. Stock Yards Bancorp reported earnings per share of $ 0.59 in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.1%. The company is expected to release its next earnings report on Wednesday, July 28.

On average, analysts expect Stock Yards Bancorp to report annual earnings of $ 3.33 per share for the current year, with EPS estimates ranging from $ 2.90 to $ 3.82. For the next fiscal year, analysts expect the company to report earnings of $ 2.96 per share, with EPS estimates ranging from $ 2.80 to $ 3.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who provide coverage for Stock Yards Bancorp.

Stock Yards Bancorp (NASDAQ: SYBT) last reported its results on Tuesday, April 20. The bank reported earnings per share (EPS) of $ 0.99 for the quarter, beating analyst consensus estimates of $ 0.73 by $ 0.26. Stock Yards Bancorp had a net margin of 33.55% and a return on equity of 15.78%. The company posted revenue of $ 51.67 million for the quarter, compared to analysts’ estimates of $ 50.90 million.

Separately, Zacks investment research reduced Stock Yards Bancorp from a “buy” note to a “conservation” note in a research report published on Saturday, May 29.

A number of institutional investors and hedge funds have recently changed their holdings to SYBT. BlackRock Inc. increased its holdings of Stock Yards Bancorp shares by 1.5% in the fourth quarter. BlackRock Inc. now owns 1,579,108 shares of the bank valued at $ 63,923,000 after purchasing an additional 23,468 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its equity stake in Stock Yards Bancorp by 27.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,111,944 shares of the bank valued at $ 56,776,000 after acquiring an additional 236,275 shares in the last quarter. Champlain Investment Partners LLC increased its holdings of Stock Yards Bancorp shares by 11.0% during the 1st quarter. Champlain Investment Partners LLC now owns 893,737 shares of the bank valued at $ 45,634,000 after acquiring 88,615 additional shares during the last quarter. Geode Capital Management LLC increased its stake in Stock Yards Bancorp by 8.3% during the first quarter. Geode Capital Management LLC now owns 366,636 shares of the bank valued at $ 18,720,000 after purchasing an additional 28,211 shares during the period. Finally, Eaton Vance Management increased its stake in Stock Yards Bancorp by 0.3% in the first quarter. Eaton Vance Management now owns 318,714 shares of the bank valued at $ 16,274,000 after purchasing an additional 837 shares during the period. Hedge funds and other institutional investors hold 54.81% of the company’s shares.

NASDAQ: SYBT open for $ 51.37 Friday. The company has a market cap of $ 1.17 billion, a P / E ratio of 17.12 and a beta of 0.81. The company has a rapid ratio of 0.92, a current ratio of 0.92, and a debt ratio of 0.05. Stock Yards Bancorp has a 52 week low of $ 32.71 and a 52 week high of $ 56.00. The fifty-day moving average share price is $ 51.79.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 1. Shareholders of record on Monday, June 21 received a dividend of $ 0.27. The ex-dividend date was Friday June 18. This represents a dividend of $ 1.08 on an annualized basis and a dividend yield of 2.10%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 41.70%.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is the holding company of SYB which provides various banking products and services in Louisville, Indianapolis and Cincinnati. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment provides a range of loan and deposit products, retail and commercial lending products, deposit services, merchant services and cash management services, as well as private, international banking, correspondence, mortgages, online and mobile, and other personal and business banking services.

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