Stock Yards Bancorp (NASDAQ:SYBT) Releases Earnings Results, Beats Estimates By $0.04 EPS

Stock Yards Bancorp (NASDAQ:SYBT) posted its quarterly earnings data on Tuesday. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04, Zacks reports. Stock Yards Bancorp had a net margin of 24.50% and a return on equity of 13.65%.

Stock Yards Bancorp Price Performance

Shares of SYBT traded up $0.09 during mid-day trading on Tuesday, hitting $68.10. The company’s stock had a trading volume of 84,395 shares, compared to its average volume of 127,400. Stock Yards Bancorp has a fifty-two week low of $60.75 and a fifty-two week high of $83.83. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.87 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average price of $67.13 and a 200 day moving average price of $71.14.

Stock Yards Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. Stock Yards Bancorp’s payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SYBT. Wall Street Zen raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stock Yards Bancorp in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.67.

Insiders Place Their Bets

In other news, Director David L. Hardy acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average cost of $66.53 per share, for a total transaction of $133,060.00. Following the completion of the acquisition, the director owned 2,000 shares in the company, valued at approximately $133,060. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stock Yards Bancorp

A number of hedge funds have recently modified their holdings of SYBT. Tower Research Capital LLC TRC raised its stake in shares of Stock Yards Bancorp by 49.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,887 shares of the bank’s stock valued at $386,000 after acquiring an additional 1,627 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Stock Yards Bancorp during the 2nd quarter valued at about $296,000. Engineers Gate Manager LP acquired a new stake in shares of Stock Yards Bancorp during the 2nd quarter worth approximately $242,000. Quantinno Capital Management LP acquired a new stake in Stock Yards Bancorp in the second quarter worth $454,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Stock Yards Bancorp in the 2nd quarter valued at about $257,000. 56.46% of the stock is owned by institutional investors and hedge funds.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.