Stock Yards Bancorp Inc (SYBT) Declares Dividend Increase – $0.23 Per Share

Stock Yards Bancorp Inc (NASDAQ:SYBT) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.23 per share by the bank on Monday, April 2nd. This represents a $0.92 annualized dividend and a yield of 2.50%. This is an increase from Stock Yards Bancorp’s previous quarterly dividend of $0.21.

Stock Yards Bancorp (NASDAQ:SYBT) opened at $36.85 on Thursday. The firm has a market cap of $814.18, a PE ratio of 18.80 and a beta of 0.62. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Stock Yards Bancorp has a fifty-two week low of $31.90 and a fifty-two week high of $46.35.

SYBT has been the topic of several research analyst reports. BidaskClub cut shares of Stock Yards Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price target on shares of Stock Yards Bancorp in a report on Friday, January 26th.

In other Stock Yards Bancorp news, Director Paul J. Bickel III bought 2,510 shares of the stock in a transaction dated Tuesday, December 26th. The shares were bought at an average cost of $38.15 per share, with a total value of $95,756.50. Following the completion of the acquisition, the director now owns 4,250 shares of the company’s stock, valued at $162,137.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathy C. Thompson sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $39.33, for a total transaction of $98,325.00. Following the transaction, the insider now directly owns 39,940 shares in the company, valued at $1,570,840.20. The disclosure for this sale can be found here. Insiders have bought 2,671 shares of company stock worth $102,008 over the last ninety days. Insiders own 6.20% of the company’s stock.

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About Stock Yards Bancorp

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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