Stock Yards Bancorp, Inc. (SYBT) to Issue Quarterly Dividend of $0.33 on October 1st

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Monday, September 21st will be given a dividend of 0.33 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, September 21st. This is a 3.1% increase from Stock Yards Bancorp’s previous quarterly dividend of $0.32.

Stock Yards Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Stock Yards Bancorp has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Stock Yards Bancorp to earn $5.64 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 23.4%.

Stock Yards Bancorp Stock Performance

Shares of Stock Yards Bancorp stock opened at $79.37 on Friday. Stock Yards Bancorp has a 12 month low of $61.51 and a 12 month high of $89.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.47 billion, a PE ratio of 15.81 and a beta of 0.66. The business has a fifty day simple moving average of $81.55 and a 200-day simple moving average of $74.32.

Stock Yards Bancorp (NASDAQ:SYBT) last posted its quarterly earnings results on Wednesday, July 29th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.23. Stock Yards Bancorp had a return on equity of 13.39% and a net margin of 25.41%.The firm had revenue of $114.71 million for the quarter, compared to analyst estimates of $111.66 million. On average, sell-side analysts anticipate that Stock Yards Bancorp will post 5.16 EPS for the current fiscal year.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is a financial holding company headquartered in Louisville, Kentucky. Its principal subsidiary, Stock Yards Bank & Trust Company, provides a range of banking and financial services to individuals, businesses, institutions and government entities.

Stock Yards Bank offers commercial and consumer deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury management and other traditional banking products. Through its wealth management operations, the company also provides investment management, trust, estate planning and related fiduciary services.

Founded in 1904, Stock Yards Bancorp serves customers through banking markets in Kentucky, southern Indiana and the Cincinnati and Columbus areas of Ohio.