Stock Yards Bancorp (NASDAQ:SYBT) Releases Earnings Results, Beats Expectations By $0.11 EPS

Stock Yards Bancorp (NASDAQ:SYBT) announced its quarterly earnings results on Wednesday. The bank reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.11, Fidelity Earnings reports. The company had revenue of $45.37 million for the quarter, compared to analysts’ expectations of $43.45 million. Stock Yards Bancorp had a net margin of 32.58% and a return on equity of 16.33%.

Stock Yards Bancorp stock traded up $0.30 during midday trading on Thursday, reaching $38.67. 10,891 shares of the stock were exchanged, compared to its average volume of 42,717. The company’s fifty day moving average is $36.75 and its 200-day moving average is $35.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $872.83 million, a PE ratio of 15.98 and a beta of 0.49. Stock Yards Bancorp has a 52 week low of $28.02 and a 52 week high of $38.74.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Friday, September 13th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 42.98%.

A number of analysts recently commented on SYBT shares. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Zacks Investment Research cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Finally, ValuEngine lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 26th.

In other news, EVP William Dishman sold 3,300 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $37.23, for a total value of $122,859.00. Following the transaction, the executive vice president now owns 17,504 shares of the company’s stock, valued at approximately $651,673.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Philip Poindexter sold 2,464 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $38.00, for a total transaction of $93,632.00. Following the completion of the transaction, the president now directly owns 29,533 shares in the company, valued at approximately $1,122,254. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 362 shares of company stock worth $13,356 and have sold 27,184 shares worth $1,008,496. Corporate insiders own 8.30% of the company’s stock.

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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Earnings History for Stock Yards Bancorp (NASDAQ:SYBT)

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