Stock Yards Bancorp, Inc. (SYBT) Declares Quarterly Dividend of $0.20
Stock Yards Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend on Wednesday, August 16th, RTT News reports. Investors of record on Monday, September 11th will be given a dividend of 0.20 per share by the bank on Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%.
Stock Yards Bancorp (NASDAQ:SYBT) traded up 0.57% during midday trading on Wednesday, reaching $35.45. The company had a trading volume of 4,429 shares. The company has a 50-day moving average of $37.05 and a 200-day moving average of $39.83. The stock has a market capitalization of $803.26 million, a PE ratio of 19.27 and a beta of 0.66. Stock Yards Bancorp has a 12-month low of $29.22 and a 12-month high of $48.05.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $36.91 million for the quarter, compared to analysts’ expectations of $37.06 million. Stock Yards Bancorp had a net margin of 28.11% and a return on equity of 13.36%. On average, analysts predict that Stock Yards Bancorp will post $1.90 EPS for the current fiscal year.
In other news, CEO David P. Heintzman sold 1,314 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $38.05, for a total value of $49,997.70. Following the completion of the transaction, the chief executive officer now owns 169,309 shares in the company, valued at $6,442,207.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy C. Thompson sold 1,816 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.20, for a total value of $63,923.20. Following the completion of the transaction, the insider now owns 40,161 shares of the company’s stock, valued at approximately $1,413,667.20. The disclosure for this sale can be found here. In the last 90 days, insiders bought 244 shares of company stock valued at $9,042 and sold 8,528 shares valued at $322,490. 6.20% of the stock is owned by insiders.
Several research analysts have recently weighed in on the company. Hilliard Lyons upgraded Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price target for the company in a research note on Thursday, May 25th. Zacks Investment Research upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, BidaskClub cut Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
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Stock Yards Bancorp Company Profile
Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Bank is a state chartered bank. The Company operates through two segments: commercial banking, and wealth management and trust. The commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses, plus origination of consumer mortgages and securities brokerage activity.
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