Stock Yards Bancorp(SYBT)
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Are You Looking for a Top Momentum Pick? Why Stock Yards Bancorp (SYBT) is a Great Choice
ZACKS· 2024-09-21 01:06
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Stock Yards (SYBT) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-09-06 01:01
Investors might want to bet on Stock Yards Bancorp (SYBT) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual ...
Stock Yards Bancorp (SYBT) Hikes Quarterly Cash Dividend by 3.3%
ZACKS· 2024-08-22 23:01
Stock Yards Bancorp, Inc. (SYBT) announced a quarterly cash dividend of 31 cents per share. This reflects a 3.3% hike from the prior payout. The dividend will be paid out on Oct 1, 2024, to shareholders of record as of Sep 16.Markedly, with this announcement, Stock Yards Bancorp has increased its quarterly dividend 17 times since 2011, reflecting a cumulative hike of 158% over the period.Currently, SYBT’s payout ratio is 34% of earnings. This indicates that it retains adequate earnings for reinvestment and ...
Stock Yards (SYBT) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2024-08-09 22:55
The price trend for Stock Yards Bancorp (SYBT) has been bearish lately and the stock has lost 6.4% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor th ...
Stock Yards Bancorp(SYBT) - 2024 Q2 - Quarterly Report
2024-08-07 00:39
财务业绩 - 总体净收入为2760万美元,与上年同期持平[442] - 净收入为5.35亿美元,每股摊薄收益为1.82美元[448] 贷款和存款 - 贷款总额增加6.52亿美元,同比增长12%[444][448] - 存款余额增加3.61亿美元,同比增长6%[444][448] - 平均贷款余额增加6.87亿美元,或13%[463] - 平均投资证券余额下降2.27亿美元,或13%[464] - 贷款组合中约71%为固定利率贷款,29%为浮动利率贷款[457][522] - 存款定价压力导致存款结构发生重大变化,非活期存款和低收益存款转向高收益存款[448] 利息收支 - 净息差下降16个基点至3.26%[444] - 净息差(FTE)下降27个基点至3.23%[454] - 总利息支出增加1620万美元,主要由于存款利率大幅上升和借款活动增加所致[474] - 计息存款利息支出增加1450万美元,其中1070万美元归因于定期存款和货币市场存款[475] - FHLB借款利息支出增加130万美元,或33%[476] - SSUAR利息支出增加39.5万美元[477] 非利息收支 - 非利息收入增加79.5万美元,同比增长3%[445] - 非利息收入增加200万美元,或4%[449] - 非利息支出增加330万美元,同比增长7%[445] - 非利息支出增加700万美元,或8%[449] 资本和风险管理 - 资本充足率保持在"充足资本"的最高监管评级水平[445] - 公司使用利率模拟分析评估利率变动对收益的影响,显示公司具有资产敏感的利率风险状况[520] - 公司使用利率互换等衍生工具管理利率风险[523][524] - 贷款损失准备金(ACL)占总贷款的比例为1.35%,较2023年6月30日的1.43%有所下降[528] - 2024年上半年贷款损失准备金计提1100万美元和2300万美元,主要由于贷款增长、失业率预测略有恶化以及CECL模型方法更新所致[529] - 2024年上半年净回收183,000美元和531,000美元,增加了表外信用敞口的损失准备金[529] 资产管理 - 截至2024年6月30日和2023年12月31日,约81%和82%的资产管理规模(AUM)为主动管理[551] - 2024年6月30日和2023年12月31日的主动管理资产(Managed AUM)中,约66%为股票,34%为固定收益证券[555] 非利息收入细分 - 存款服务费收入下降1%和1%,主要由于透支账户数量减少[556] - 借记卡和信用卡收入增加4%和4%,主要由于交易量增加[557] - 现金管理服务费收入增加11%和12%,主要由于客户群扩大和新产品销售[558] - 抵押贷款收入下降1%和5%,主要由于利率上升和房地产库存较低[559] - 投资产品销售佣金和费用增加7%,主要由于账户资产增加[560] - 银行自有保险收入下降54%和50%,主要由于2023年底保险公司不再续保[563] 非利息支出细分 - 薪酬费用(包括工资、奖金和股票激励)同比增加11%[569] - 员工福利费用同比增加8%,主要由于医疗保险费用上升[570] - 房屋及设备费用同比增加9%,主要由于第四季度将路易斯维尔市场的员工集中到一个地点[571] - 技术和通讯费用同比增加18%,与公司的持续技术投入和安全合规软件升级相关[572] - 信用卡处理费用同比增加14%,主要由于交易量和客户群扩大[573] - 法律和专业费用同比增加42%,主要由于合规咨询项目增加和催收费用上升[576] - 存款保险费用同比增加19%,与公司资产规模扩大和费率上调有关[577] 资产负债表 - 资产负债表总资产同比增加2%,主要由于贷款增加5%[585] - 存款同比下降2%,FHLB借款同比增加[586] - 贷款增长主要来自建筑和工商业贷款,分别增长超过10%[592,593] 资产质量 - 截至2024年6月30日,Bancorp的不良贷款总额为1,756.7万美元,占总贷款的0.29%,不良资产占总资产的0.21%[601,602,603,604] - 2024年上半年,Bancorp的贷款损失准备金为8,200万美元,较2023年12月31日的7,900万美元有所增加[612,613,614,615,616,617,618,619,620,621,622] - Bancorp对商业房地产(CRE)和商业及工业(C&I)贷款组合的损失准备金分配发生了变化,CRE组合的损失准备金占比下降,而C&I组合的损失准备金占比上升[623,624,625] - 2024年上半年,Bancorp的净回收额为53.1万美元[626,627,628,629]
Stock Yards Bancorp (SYBT) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-07-31 01:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Stock Yards Bancorp (SYBT) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-24 21:45
Stock Yards Bancorp (SYBT) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.90%. A quarter ago, it was expected that this holding company for Stock Yards Bank & Trust Co. Would post earnings of $0.82 per share when it actually produced earnings of $0.88, delivering a surprise of 7.3 ...
Stock Yards Bancorp(SYBT) - 2024 Q2 - Quarterly Results
2024-07-24 19:30
财务业绩 - 公司第二季度净收入为2760万美元,每股摊薄收益为0.94美元[2] - 公司总体非利息收入为2,365.5万美元[75] - 公司总收入(非GAAP)为8,576.8万美元[75] - 公司效率比率(非GAAP)为57.26%[76] 资产负债情况 - 贷款总额同比增长12%,达到60.7亿美元,其中第二季度新增贷款2.21亿美元[7,18] - 存款总额同比增长6%,达到65.7亿美元,但第二季度存款减少4000万美元[8,20] - 公司有形普通股权益为6.822亿美元[78] - 公司有形资产为81.031亿美元[79] - 公司有形普通股权益与有形资产比率为8.42%[80] - 公司每股账面价值(GAAP)为30.44美元[82] - 公司每股有形普通股权益(非GAAP)为23.22美元[82] 盈利能力 - 净利差为3.26%,较上一季度扩大6个基点[4,10] - 净息差(全税当量)为6.211亿美元[75] - 净利息收入环比增加200万美元或3%至6200万美元[25] - 总利息收入环比增加380万美元或4%,主要由贷款利息收入增加带动[26] - 总利息支出环比增加180万美元或5%,其中存款利息支出减少24.3万美元,但FHLB拆借利息支出增加230万美元或76%[26] 资产质量 - 计提信贷损失准备1300万美元,其中1100万美元用于贷款损失准备,225万美元用于表外敞口损失[27] - 公司贷款损失准备金为130万美元[72] 其他 - 非利息收入同比增长3%,达到2370万美元,其中财富管理和托管业务收入创新高[14,15] - 非利息支出同比增加7%,达到4910万美元,主要由于人工成本上升[16,17] - 非利息收入环比增加38.4万美元或2%,财富管理信托收入、卡业务收入和现金管理费收入均有所增长[27,28] - 非利息支出环比增加14.8万美元至4910万美元,主要由于薪酬、房屋设备和营销费用增加抵消了员工福利和技术通讯费用的下降[29] - 贷款总额环比增加2.21亿美元或4%,各类贷款均有所增长[31] - 存款总额环比减少4000万美元或1%,活期存款增加100万美元,但活期存款减少4100万美元[32] - 资本充足率保持在"充足资本"的最高监管评级水平[22] - 董事会宣布每股0.30美元的季度现金股利[23] - 公司自2020年以来未进行股票回购,目前仍有约74.1万股可回购[24]
Stock Yards Bancorp Reports Second Quarter Earnings of $27.6 Million or $0.94 Per Diluted Share
Newsfilter· 2024-07-24 19:30
LOUISVILLE, Ky., July 24, 2024 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ:SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today reported earnings of $27.6 million, or $0.94 per diluted share, for the second quarter ended June 30, 2024. This compares to net income of $27.7 million, or $0.94 per diluted share, for the second quarter of 2023. ...
Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.30 Per Common Share
Newsfilter· 2024-05-22 19:30
LOUISVILLE, Ky., May 22, 2024 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ:SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on July 1, 2024, to stock ...