Stock Yards Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend on Wednesday, August 16th, RTT News reports. Investors of record on Monday, September 11th will be given a dividend of 0.20 per share by the bank on Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, September 8th.

Shares of Stock Yards Bancorp (SYBT) opened at 33.40 on Thursday. The company has a market capitalization of $756.81 million, a price-to-earnings ratio of 18.15 and a beta of 0.68. The company’s 50-day moving average price is $35.41 and its 200-day moving average price is $38.75. Stock Yards Bancorp has a 52-week low of $31.11 and a 52-week high of $48.05.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.02. Stock Yards Bancorp had a return on equity of 13.36% and a net margin of 28.11%. The business had revenue of $36.91 million during the quarter, compared to the consensus estimate of $37.06 million. Equities research analysts forecast that Stock Yards Bancorp will post $1.90 EPS for the current fiscal year.

Several brokerages recently weighed in on SYBT. Zacks Investment Research raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Hilliard Lyons raised shares of Stock Yards Bancorp from an “underperform” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Thursday, May 25th. Finally, BidaskClub cut shares of Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

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In other Stock Yards Bancorp news, CEO David P. Heintzman sold 2,541 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $39.35, for a total transaction of $99,988.35. Following the sale, the chief executive officer now owns 169,309 shares of the company’s stock, valued at $6,662,309.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David P. Heintzman sold 1,314 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $38.05, for a total transaction of $49,997.70. Following the sale, the chief executive officer now directly owns 169,309 shares in the company, valued at approximately $6,442,207.45. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 295 shares of company stock worth $10,697 and have sold 8,021 shares worth $302,455. Corporate insiders own 6.20% of the company’s stock.

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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