Stock Yards Bancorp, Inc. (NASDAQ:SYBT) to Issue Quarterly Dividend of $0.32

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Monday, March 16th will be given a dividend of 0.32 per share by the bank on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th.

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 payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities 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%.

Stock Yards Bancorp Stock Up 1.5%

Shares of NASDAQ SYBT opened at $66.94 on Thursday. The company has a market capitalization of $1.97 billion, a P/E ratio of 14.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50 day simple moving average of $67.89 and a 200-day simple moving average of $69.91. Stock Yards Bancorp has a 1 year low of $60.75 and a 1 year high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $104.47 million for the quarter, compared to analysts’ expectations of $102.42 million. Stock Yards Bancorp had a return on equity of 13.91% and a net margin of 24.83%. On average, equities research analysts predict that Stock Yards Bancorp will post 4.16 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.