Stock Yards Bancorp Inc (SYBT) Expected to Announce Earnings of $0.55 Per Share
Equities research analysts expect that Stock Yards Bancorp Inc (NASDAQ:SYBT) will announce earnings per share of $0.55 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stock Yards Bancorp’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.54. Stock Yards Bancorp reported earnings per share of $0.47 in the same quarter last year, which suggests a positive year over year growth rate of 17%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Stock Yards Bancorp will report full-year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.29. For the next financial year, analysts anticipate that the business will post earnings of $2.40 per share, with EPS estimates ranging from $2.36 to $2.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Stock Yards Bancorp.
A number of research firms have commented on SYBT. Zacks Investment Research downgraded shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Stock Yards Bancorp in a report on Friday, January 26th.
A number of hedge funds have recently bought and sold shares of SYBT. Teachers Advisors LLC raised its stake in shares of Stock Yards Bancorp by 2.0% during the second quarter. Teachers Advisors LLC now owns 52,722 shares of the bank’s stock valued at $2,051,000 after purchasing an additional 1,055 shares in the last quarter. Wells Fargo & Company MN raised its position in Stock Yards Bancorp by 33.8% in the third quarter. Wells Fargo & Company MN now owns 33,506 shares of the bank’s stock worth $1,273,000 after acquiring an additional 8,456 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Stock Yards Bancorp by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 98,638 shares of the bank’s stock worth $3,837,000 after acquiring an additional 841 shares in the last quarter. Walthausen & Co. LLC raised its position in Stock Yards Bancorp by 15.6% in the third quarter. Walthausen & Co. LLC now owns 319,448 shares of the bank’s stock worth $12,139,000 after acquiring an additional 43,160 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Stock Yards Bancorp by 5.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 97,023 shares of the bank’s stock worth $3,687,000 after acquiring an additional 5,135 shares in the last quarter. Institutional investors own 47.87% of the company’s stock.
Stock Yards Bancorp (SYBT) traded up $0.25 during trading on Wednesday, reaching $36.20. 20,708 shares of the company’s stock were exchanged, compared to its average volume of 54,994. The firm has a market capitalization of $815.31, a P/E ratio of 21.81 and a beta of 0.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Stock Yards Bancorp has a 1 year low of $31.90 and a 1 year high of $46.35.
About Stock Yards Bancorp
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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