Stock Yards Bancorp (NASDAQ:SYBT – Get Free Report) announced its earnings results on Wednesday. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.10, Zacks reports. Stock Yards Bancorp had a return on equity of 12.36% and a net margin of 21.99%. The company had revenue of $123.96 million during the quarter, compared to analyst estimates of $83.90 million.
Stock Yards Bancorp Trading Down 0.5 %
SYBT traded down $0.33 during midday trading on Friday, reaching $63.27. 157,649 shares of the company were exchanged, compared to its average volume of 154,142. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 0.88. Stock Yards Bancorp has a one year low of $36.93 and a one year high of $64.51. The stock has a market capitalization of $1.86 billion, a P/E ratio of 17.77 and a beta of 0.83. The stock’s 50-day simple moving average is $49.98 and its 200 day simple moving average is $47.92.
Stock Yards Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Monday, June 17th. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 33.71%.
Analyst Ratings Changes
Check Out Our Latest Research Report on Stock Yards Bancorp
Insiders Place Their Bets
In other news, Director David P. Heintzman sold 3,000 shares of Stock Yards Bancorp stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $47.05, for a total transaction of $141,150.00. Following the transaction, the director now owns 113,070 shares in the company, valued at approximately $5,319,943.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.
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