Stock Yards Bancorp, Inc. (NASDAQ:SYBT) will begin trading ex-dividend on September 18, 2020. The quarterly dividend payment of $ 0.27 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 2.59 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Stock Yards Bancorp, Inc. recently reported second quarter financial results on July 22, 2020, before market open, the Louisville based company recorded income for the second quarter of $ 0.59 per share, from the revenue of $ 46.15 million. The quarterly earnings elevated 58.33 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, SYBT to report 2Q20 income of $ 0.47 per share from revenue of $ 46.07 million. The bottom line results beat street analysts by $ 0.12 or 25.53 percent, at the same time, top line results outshined analysts by $ 0.08 million or 0.17 percent.
Stock Performance
Shares of Stock Yards Bancorp, Inc. traded low $ -0.49 or -1.16 percent on Thursday, reaching $ 41.67 with volume of 80.50 thousand shares. Stock Yards Bancorp, Inc. has traded high as $ 42.79 and has cracked $ 41.62 on the downward trend
According to the previous trading day, closing price of $ 41.67, representing a 83.46 % increase from the 52 week low of $ 22.98 and a 5.75 % decrease over the 52 week high of $ 44.73.
The company has a market capital of $ 945.15 million and is part of the Financial Services sector and Banks – Regional – US industry.
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, money market deposits, and time deposits.