Stock Yards Bancorp (NASDAQ:SYBT) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Stock Yards Bancorp (NASDAQ:SYBT) issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.09, Bloomberg Earnings reports. Stock Yards Bancorp had a return on equity of 16.01% and a net margin of 31.99%. The firm had revenue of $40.72 million for the quarter, compared to the consensus estimate of $41.10 million.

SYBT opened at $34.52 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.13. The firm has a market cap of $786.38 million, a price-to-earnings ratio of 14.26 and a beta of 0.42. Stock Yards Bancorp has a 52 week low of $28.02 and a 52 week high of $41.00.

In other Stock Yards Bancorp news, Chairman David P. Heintzman sold 5,686 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.64, for a total transaction of $202,649.04. Following the sale, the chairman now owns 150,962 shares of the company’s stock, valued at approximately $5,380,285.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David P. Heintzman sold 4,322 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $34.71, for a total value of $150,016.62. Following the sale, the chairman now directly owns 150,962 shares in the company, valued at approximately $5,239,891.02. The disclosure for this sale can be found here. Insiders have acquired a total of 472 shares of company stock worth $16,250 in the last ninety days. Insiders own 8.30% of the company’s stock.

SYBT has been the topic of several recent analyst reports. Zacks Investment Research upgraded Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, April 19th. BidaskClub upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Finally, ValuEngine downgraded Stock Yards Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd.

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Stock Yards Bancorp Company Profile

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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