Stock Yards Bancorp, Inc. (SYBT) to Issue Quarterly Dividend of $0.32 on July 1st

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) declared a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 15th will be given a dividend of 0.32 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 15th.

Stock Yards Bancorp has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 15 years. Stock Yards Bancorp has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stock Yards Bancorp to earn $5.51 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 23.2%.

Stock Yards Bancorp Price Performance

Shares of SYBT stock opened at $75.58 on Friday. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 15.55 and a beta of 0.69. The business’s fifty day moving average is $71.26 and its 200 day moving average is $68.39. Stock Yards Bancorp has a twelve month low of $61.51 and a twelve month high of $83.83. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.07. The company had revenue of $102.63 million for the quarter, compared to analysts’ expectations of $108.18 million. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%. Research analysts expect that Stock Yards Bancorp will post 5.1 EPS for the current fiscal year.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.