Stock Yards Bancorp, Inc. (SYBT) To Go Ex-Dividend on September 21st

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) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend 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 raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Stock Yards Bancorp has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stock Yards Bancorp to earn $5.63 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 22.7%.

Stock Yards Bancorp Stock Down 2.1%

Shares of NASDAQ SYBT opened at $81.94 on Thursday. The stock has a fifty day moving average price of $79.62 and a 200 day moving average price of $72.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.26. Stock Yards Bancorp has a 12-month low of $61.51 and a 12-month high of $89.21. The company has a market cap of $2.55 billion, a P/E ratio of 16.32 and a beta of 0.68.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, July 29th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.23. The company had revenue of $114.71 million during the quarter, compared to the consensus estimate of $111.66 million. Stock Yards Bancorp had a return on equity of 13.39% and a net margin of 25.41%. Research analysts anticipate that Stock Yards Bancorp will post 5.14 EPS for the current fiscal year.

About Stock Yards Bancorp

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.