Stock Yards Bancorp Inc (NASDAQ: SYBT) on Monday, plunged -2.48% from the previous trading day, before settling in for the closing price of $65.67. Within the past 52 weeks, SYBT’s price has moved between $36.93 and $67.12.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 20.88%. The company achieved an average annual earnings per share of 1.04%. With a float of $26.87 million, this company’s outstanding shares have now reached $29.33 million.
Considering the fact that the conglomerate employs 1075 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -1973.18%, operating margin of -405.68%, and the pretax margin is 29.91%.
Stock Yards Bancorp Inc (SYBT) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Stock Yards Bancorp Inc is 8.63%, while institutional ownership is 57.28%. The most recent insider transaction that took place on Sep 19 ’24, was worth 170,289. In this transaction Director of this company sold 2,700 shares at a rate of $63.07, taking the stock ownership to the 29,786 shares. Before that another transaction happened on Sep 19 ’24, when Company’s Officer proposed sale 2,700 for $63.25, making the entire transaction worth $170,770.
Stock Yards Bancorp Inc (SYBT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 1.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 8.70% growth over the previous five years of trading.
Stock Yards Bancorp Inc (NASDAQ: SYBT) Trading Performance Indicators
Stock Yards Bancorp Inc (SYBT) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.97. Likewise, its price to free cash flow for the trailing twelve months is 15.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.56, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 3.83 in one year’s time.
Technical Analysis of Stock Yards Bancorp Inc (SYBT)
Compared to the last year’s volume of 0.1 million, its volume of 0.38 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.24%. Additionally, its Average True Range was 1.94.
During the past 100 days, Stock Yards Bancorp Inc’s (SYBT) raw stochastic average was set at 86.07%, which indicates a significant increase from 69.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.17% in the past 14 days, which was lower than the 33.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.19, while its 200-day Moving Average is $51.50. Nevertheless, the first resistance level for the watch stands at $65.39 in the near term. At $66.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $67.81. If the price goes on to break the first support level at $62.97, it is likely to go to the next support level at $61.90. Should the price break the second support level, the third support level stands at $60.55.
Stock Yards Bancorp Inc (NASDAQ: SYBT) Key Stats
Market capitalization of the company is 1.88 billion based on 29,391K outstanding shares. Right now, sales total 438,920 K and income totals 107,750 K. The company made 123,960 K in profit during its latest quarter, and 27,600 K in sales during its previous quarter.
