Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Declares Quarterly Dividend of $0.32
Stock Yards Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend of $0.32 per share, payable on December 31st to shareholders of record on December 15th. The dividend yield is 2.0%, with a payout ratio of 28.8%. The company has consistently increased its dividend for 15 years. Analysts expect earnings of $4.48 per share next year, supporting the dividend. The stock has a consensus 'Hold' rating with an average target price of $83.67.
Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) declared a quarterly dividend on Wednesday, November 19th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.32 per share by the bank on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, December 15th.
Stock Yards Bancorp has increased its dividend by an average of 0.0%annually 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stock Yards Bancorp to earn $4.48 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 28.6%.
Get Stock Yards Bancorp alerts:
Stock Yards Bancorp Stock Up 1.1%
Shares of SYBT stock traded up $0.70 during mid-day trading on Wednesday, hitting $64.97. 97,224 shares of the stock traded hands, compared to its average volume of 119,715. Stock Yards Bancorp has a 52-week low of $60.75 and a 52-week high of $83.83. The stock has a market cap of $1.91 billion, a P/E ratio of 14.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.95 and a quick ratio of 0.95. The stock's fifty day moving average is $69.35 and its two-hundred day moving average is $74.30.
Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.08. Stock Yards Bancorp had a net margin of 24.50% and a return on equity of 13.89%. The firm had revenue of $101.60 million for the quarter, compared to the consensus estimate of $100.00 million. Equities analysts predict that Stock Yards Bancorp will post 4.16 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on SYBT shares. Piper Sandler upped their price target on Stock Yards Bancorp from $81.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their target price on Stock Yards Bancorp from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded Stock Yards Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Stock Yards Bancorp in a report on Thursday, November 13th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $83.67.
Check Out Our Latest Stock Analysis on SYBT
Stock Yards Bancorp Company Profile
(Get Free Report)Stock Yards Bancorp, Inc operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers a range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, commercial real estate lending, leasing, treasury management services, merchant services, international banking, correspondent banking, and other banking services.
Read More
- Five stocks we like better than Stock Yards Bancorp
- Options Trading - Understanding Strike Price
- onsemi Places a $6 Billion Bet on Its Own Stock
- How to Invest in Biotech Stocks
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
- Golden Cross Stocks: Pattern, Examples and Charts
- End the Year Strong With These 3 Comeback Champions
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Stock Yards Bancorp Right Now?
Before you consider Stock Yards Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stock Yards Bancorp wasn't on the list.
While Stock Yards Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
