Stock Yards Bancorp Inc (NASDAQ:SYBT) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Stockholders 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 dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 16th. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.21.
Stock Yards Bancorp (SYBT) opened at $36.90 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Stock Yards Bancorp has a 12 month low of $31.90 and a 12 month high of $44.50. The stock has a market capitalization of $836.86, a P/E ratio of 19.32 and a beta of 0.64.
Stock Yards Bancorp (NASDAQ:SYBT) last posted its earnings results on Thursday, January 25th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Stock Yards Bancorp had a net margin of 24.39% and a return on equity of 13.45%. The business had revenue of $38.57 million for the quarter, compared to analysts’ expectations of $38.01 million. sell-side analysts anticipate that Stock Yards Bancorp will post 2.26 EPS for the current fiscal year.
Several research firms have recently issued reports on SYBT. BidaskClub raised Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research cut Stock Yards Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 target price on shares of Stock Yards Bancorp in a research note on Friday, January 26th.
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.
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