Stock Yards Bancorp (NASDAQ:SYBT – Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.10, Zacks reports. Stock Yards Bancorp had a net margin of 21.99% and a return on equity of 12.36%. The business had revenue of $123.96 million during the quarter, compared to analysts’ expectations of $83.90 million.
Stock Yards Bancorp Stock Performance
SYBT traded down $1.47 during midday trading on Friday, reaching $62.13. The company had a trading volume of 57,442 shares, compared to its average volume of 85,148. Stock Yards Bancorp has a 1 year low of $36.93 and a 1 year high of $64.51. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.83 billion, a P/E ratio of 17.74 and a beta of 0.83. The business has a 50-day moving average of $49.70 and a two-hundred day moving average of $47.82.
Stock Yards Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, June 17th. This represents a $1.20 annualized dividend and a yield of 1.93%. Stock Yards Bancorp’s dividend payout ratio (DPR) is 33.71%.
Analyst Ratings Changes
Read Our Latest Stock Report on Stock Yards Bancorp
Insider Activity
In related news, Director David P. Heintzman sold 3,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $47.05, for a total value of $141,150.00. Following the completion of the sale, the director now directly owns 113,070 shares of the company’s stock, valued at approximately $5,319,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.
About Stock Yards Bancorp
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.
Featured Articles
- Five stocks we like better than Stock Yards Bancorp
- Short Selling: How to Short a Stock
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- 3 Tickers Leading a Meme Stock Revival
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Stock Yards Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stock Yards Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.