The bank will pay a dividend to investors who held shares on the record date of Tuesday, June 20, at 0.29 per share on Monday, 3rd July. This is a $1.16 dividend with a yield of 2.67 percent. Ex-dividend day is Friday, 16th June.
Stock Yards Bancorp increased its dividend annually by an average 3.1% over the past three years. It has done so every year since the beginning of the decade. Stock Yards Bancorp's payout ratio is 33.0%, meaning that its dividend can be covered by earnings. The stock opened at $43.42 Thursday. The company's market capitalization is $1.27 billion. It has a P/E ratio of 11.39, and a beta value of 0.67. The company's debt-to equity ratio is 0.38. It also has a quick and current ratios of 0.85. The company's 50-day moving average is $50.10, and its 200-day moving average is $60.24. Stock Yards Bancorp's 52-week low is $41.71, and its 52-week high is $78.71.
Stock Yards Bancorp: Insiders Buying and selling
The company bought 1,000 shares in an exchange on Friday, 28th April. Stock was purchased at $49.41 on average per share for a total of $49,410.00. The director now holds 4,663 shares worth $230,398.83. Richard A. Lechleiter, the director of the company, acquired 1,000 shares in a Friday, 28th April transaction. Stock was purchased at an average price of $49.41 per stock, for a transaction totaling $49,410.00. After the transaction, the director owns 4,663 company shares valued at $230 398.83. In a transaction on March 15th, 500 shares were purchased. The shares were purchased at an average of $52.71 a share with a value of $26,355.00. After the completion of this transaction, the director owns 3,663 company shares valued at $193.076.73. Insiders purchased 2,823 company shares valued at $143,248 during the last quarter. Insiders control 3.70% the stock of their company.
Stock Yards Bancorp: Hedge Funds weigh in
Hedge funds and institutional investors have increased or decreased their stakes recently. Citigroup Inc. increased their position in Stock Yards Bancorp in the first quarter by 91.6%. Citigroup Inc. owns 8,221 of the bank’s shares valued at $453,000. This is after purchasing an additional 3,930 during the period. Meridian Wealth Management LLC increased its stake in Stock Yards Bancorp shares by 3.4% during the fourth quarter. Meridian Wealth Management LLC owns 6,892 of the bank’s shares valued at $448,000, after buying an additional 229 during the last quarter. BNP Paribas Arbitrage SNC increased its stake in Stock Yards Bancorp shares by 2.4% during the third quarter. BNP Paribas Arbitrage SNC owns 6,542 of the bank’s shares valued at $445,000, after buying an additional 156 during the last quarter. BNP Paribas Arbitrage SA increased its stake in Stock Yards Bancorp shares by 57.2% during the second quarter. BNP Paribas Arbitrage SA owns 6,386 of the bank’s stock, valued at $382,000, after buying an additional 2,323 during the last quarter. Two Sigma Advisers LP purchased a new stake of Stock Yards Bancorp shares in the first quarter, valued at $364,000. Institutional investors and hedge fund currently own 51.35 percent of the company's stock.
Analyst Upgrades and downgrades
In a report published on Thursday, Stock Yards Bancorp shares were covered. They gave the company a rating of'sell.' Keefe, Bruyette & Woods lowered their target price for shares of Stock Yards Bancorp in a Thursday, April 6th report from $74.00 to $65.00. They also set a market perform' rating. Three analysts have given the stock a hold rating, while two have rated it as a sell. According to MarketBeat.com the stock currently has an average rating 'Hold,' with a consensus target price of $71.33.
Stock Yards Bancorp Company profile
Stock Yards Bancorp, Inc. is a holding firm that provides commercial and personal banking. It is divided into two segments: Commercial Banking and Wealth Management and Trust. The Commercial Banking segment comprises mortgage banking, investment products and sales activity.
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