Stock Yards Bancorp Inc reports results for the quarter ended in March - Earnings Summary

Stock Yards Bancorp

24/04/2024 14:31

* Stock Yards Bancorp Inc  SYBT.OQ  reported quarterly
adjusted
earnings of 88 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 99 cents.  The mean expectation of six analysts for the
quarter was for earnings of 81 cents per share. Wall Street
expected results to range from 79 cents to 83 cents per share.
    * Revenue fell 2.1% to $83.34 million from a year ago;
analysts
expected $83.06 million. 
    * Stock Yards Bancorp Inc's reported EPS for the quarter was
88
cents​.
    * The company reported quarterly net income of $25.89
million.
    * Stock Yards Bancorp Inc shares had fallen by 6.6% this
quarter and lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Stock Yards
Bancorp Inc is $53.00 
This summary was machine generated from LSEG data April 24 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.81           0.88           Beat
 Dec. 31 2023      0.86           0.82           Missed
 Sep. 30 2023      0.91           0.92           Beat
 Jun. 30 2023      0.92           0.94           Beat