Stock Yards Bancorp, Inc. (SYBT) To Go Ex-Dividend on December 15th

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) declared a quarterly dividend on Tuesday, November 18th. Stockholders of record on Monday, December 15th will be given a dividend of 0.32 per share by the bank on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, December 15th.

Stock Yards Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. Stock Yards Bancorp has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stock Yards Bancorp to earn $4.48 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 28.6%.

Stock Yards Bancorp Price Performance

Shares of NASDAQ SYBT traded up $0.18 during midday trading on Friday, reaching $69.17. The company’s stock had a trading volume of 111,497 shares, compared to its average volume of 176,262. Stock Yards Bancorp has a one year low of $60.75 and a one year high of $83.83. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 15.10 and a beta of 0.69. The company has a 50 day moving average price of $67.02 and a 200 day moving average price of $73.24. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $101.60 million for the quarter, compared to analyst estimates of $100.00 million. Stock Yards Bancorp had a net margin of 24.50% and a return on equity of 13.65%. On average, equities research analysts expect that Stock Yards Bancorp will post 4.16 EPS for the current year.

Insider Buying and Selling at Stock Yards Bancorp

In related news, Director David L. Hardy purchased 2,000 shares of Stock Yards Bancorp stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $66.53 per share, with a total value of $133,060.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $133,060. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Stock Yards Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYBT. Quarry LP purchased a new position in shares of Stock Yards Bancorp during the 3rd quarter valued at $28,000. Brown Brothers Harriman & Co. acquired a new stake in Stock Yards Bancorp during the third quarter valued at $45,000. Huntington National Bank grew its stake in Stock Yards Bancorp by 1,405.6% in the second quarter. Huntington National Bank now owns 1,084 shares of the bank’s stock valued at $86,000 after purchasing an additional 1,012 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Stock Yards Bancorp in the 3rd quarter worth about $92,000. Finally, Archer Investment Corp purchased a new stake in shares of Stock Yards Bancorp during the 2nd quarter worth about $105,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.