Stock Yards Bancorp Inc (NASDAQ:SYBT) Increases Dividend to $0.21 Per Share

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.

A number of equities analysts recently issued reports on SYBT shares. Zacks Investment Research upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

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.

Dividend History for Stock Yards Bancorp (NASDAQ:SYBT)

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