Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Wednesday, July 23rd. Analysts expect Stock Yards Bancorp to post earnings of $1.05 per share and revenue of $95.32 million for the quarter.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.13. The business had revenue of $93.63 million during the quarter, compared to analysts' expectations of $92.90 million. Stock Yards Bancorp had a return on equity of 13.02% and a net margin of 23.34%. During the same period in the prior year, the business earned $0.88 EPS. On average, analysts expect Stock Yards Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Stock Yards Bancorp Stock Up 0.8%
Shares of NASDAQ SYBT traded up $0.60 during mid-day trading on Friday, reaching $79.14. 100,180 shares of the company were exchanged, compared to its average volume of 134,331. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 19.12 and a beta of 0.72. Stock Yards Bancorp has a 1 year low of $53.21 and a 1 year high of $83.67. The firm has a 50-day moving average of $76.78 and a 200 day moving average of $73.11.
Stock Yards Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Monday, June 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is presently 29.95%.
Analysts Set New Price Targets
Several analysts recently commented on SYBT shares. Piper Sandler set a $81.00 target price on Stock Yards Bancorp and gave the stock a "neutral" rating in a report on Thursday, April 24th. Stephens raised their target price on Stock Yards Bancorp from $78.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on Stock Yards Bancorp from $84.00 to $80.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen lowered Stock Yards Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $77.25.
Check Out Our Latest Stock Report on Stock Yards Bancorp
Insider Buying and Selling
In other Stock Yards Bancorp news, EVP William Dishman sold 2,802 shares of Stock Yards Bancorp stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $78.10, for a total value of $218,836.20. Following the sale, the executive vice president owned 31,594 shares in the company, valued at $2,467,491.40. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Croce sold 4,100 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $77.06, for a total value of $315,946.00. Following the completion of the sale, the executive vice president owned 24,600 shares in the company, valued at $1,895,676. This represents a 14.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,902 shares of company stock worth $1,296,210. 3.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Stock Yards Bancorp
Several institutional investors and hedge funds have recently modified their holdings of SYBT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Stock Yards Bancorp by 28.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,643 shares of the bank's stock valued at $3,636,000 after purchasing an additional 11,758 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Stock Yards Bancorp in the 1st quarter valued at about $3,400,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Stock Yards Bancorp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,225 shares of the bank's stock valued at $1,051,000 after purchasing an additional 658 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Stock Yards Bancorp by 47.4% during the 1st quarter. AQR Capital Management LLC now owns 7,143 shares of the bank's stock valued at $493,000 after acquiring an additional 2,297 shares during the last quarter. Hedge funds and other institutional investors own 56.46% of the company's stock.
Stock Yards Bancorp Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Stock Yards Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stock Yards Bancorp wasn't on the list.
While Stock Yards Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
MarketBeat All Access