Stock Yards Bancorp (SYBT) to Release Earnings on Wednesday

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

Stock Yards Bancorp (NASDAQ:SYBT) last released its earnings results on Wednesday, January 24th. The bank reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Stock Yards Bancorp had a net margin of 24.54% and a return on equity of 13.20%. The business had revenue of $119.66 million during the quarter, compared to the consensus estimate of $82.60 million. 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 Stock Performance

Shares of SYBT opened at $44.90 on Tuesday. The firm has a 50-day moving average of $45.66 and a 200-day moving average of $46.13. Stock Yards Bancorp has a one year low of $36.93 and a one year high of $53.15. The company has a market cap of $1.32 billion, a PE ratio of 12.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.88 and a quick ratio of 0.88.

Stock Yards Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is presently 32.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SYBT. Piper Sandler began coverage on shares of Stock Yards Bancorp in a research report on Wednesday, March 6th. They issued a “neutral” rating and a $52.00 price objective for the company. Hovde Group began coverage on shares of Stock Yards Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Stock Yards Bancorp presently has a consensus rating of “Hold” and an average price target of $48.00.

About Stock Yards Bancorp

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.