Stock Yards Bancorp, Inc. (SYBT) To Go Ex-Dividend on June 15th

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend on Tuesday, May 19th. Investors 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 yield of 1.8%. The ex-dividend date of this dividend 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 annually for the last 15 consecutive years. Stock Yards Bancorp has a dividend payout ratio of 28.8% meaning 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 Stock Performance

Shares of SYBT stock opened at $71.02 on Thursday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 14.61 and a beta of 0.70. Stock Yards Bancorp has a 52 week low of $61.51 and a 52 week 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. The firm has a 50 day moving average of $68.48 and a 200-day moving average of $67.64.

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