S.Y. Bancorp, Inc. (NASDAQ:SYBT) announced a quarterly dividend on Wednesday, February 21st, RTT News reports. Investors of record on Monday, March 19th will be given a dividend of 0.23 per share by the bank on Monday, April 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, March 16th. This is a boost from S.Y. Bancorp’s previous quarterly dividend of $0.21.
NASDAQ:SYBT traded down $0.10 during mid-day trading on Monday, reaching $35.00. The company’s stock had a trading volume of 73,695 shares, compared to its average volume of 52,085. S.Y. Bancorp has a 1 year low of $31.90 and a 1 year high of $44.50. The firm has a market cap of $797.31, a PE ratio of 18.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90.
S.Y. Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). The business had revenue of $38.57 million during the quarter, compared to analysts’ expectations of $38.01 million. S.Y. Bancorp had a return on equity of 13.38% and a net margin of 24.39%. sell-side analysts anticipate that S.Y. Bancorp will post 2.27 EPS for the current fiscal year.
Several analysts have commented on SYBT shares. Zacks Investment Research raised shares of S.Y. Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Wednesday, December 6th. BidaskClub raised shares of S.Y. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 price target on shares of S.Y. Bancorp in a research report on Friday, January 26th. Finally, FIG Partners raised shares of S.Y. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.
In related news, insider William Dishman acquired 1,755 shares of the business’s stock in a transaction dated Monday, March 26th. The shares were purchased at an average price of $36.18 per share, for a total transaction of $63,495.90. Following the completion of the acquisition, the insider now directly owns 17,584 shares in the company, valued at approximately $636,189.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carl G. Herde acquired 3,000 shares of the business’s stock in a transaction dated Monday, March 19th. The shares were bought at an average price of $36.05 per share, for a total transaction of $108,150.00. Following the acquisition, the director now owns 25,090 shares of the company’s stock, valued at $904,494.50. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 6,249 shares of company stock valued at $224,878. Insiders own 8.42% of the company’s stock.
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About S.Y. Bancorp
Stock Yards Bancorp, Inc operates as the holding company for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. Its deposit products include demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits.
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