Stock Yards Bancorp Inc (NASDAQ:SYBT) declared a quarterly dividend on Wednesday, November 22nd, RTT News reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.21 per share by the bank on Friday, December 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from Stock Yards Bancorp’s previous quarterly dividend of $0.20.
Shares of Stock Yards Bancorp (NASDAQ SYBT) traded down $0.80 during mid-day trading on Friday, hitting $37.70. 30,654 shares of the stock were exchanged, compared to its average volume of 39,149. Stock Yards Bancorp has a 1 year low of $31.90 and a 1 year high of $48.05. The company has a market cap of $872.82, a PE ratio of 19.84 and a beta of 0.68. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15.
Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $37.27 million for the quarter, compared to analysts’ expectations of $37.81 million. Stock Yards Bancorp had a net margin of 28.57% and a return on equity of 13.51%. During the same quarter in the previous year, the business posted $0.46 EPS. equities research analysts expect that Stock Yards Bancorp will post 1.93 earnings per share for the current year.
In other news, CEO David P. Heintzman sold 1,264 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.55, for a total transaction of $49,991.20. Following the completion of the sale, the chief executive officer now owns 165,809 shares of the company’s stock, valued at approximately $6,557,745.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathy C. Thompson sold 2,284 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.62, for a total transaction of $90,492.08. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,148 shares of company stock worth $120,593 and have sold 9,372 shares worth $365,453. 6.20% of the stock is currently owned by corporate insiders.
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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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