Stock Yards Bancorp declared a quarterly cash dividend of $0.31 per share, payable December 31, 2024.
Quiver AI Summary
Stock Yards Bancorp, Inc. has announced a quarterly cash dividend of $0.31 per common share, set to be paid on December 31, 2024, to shareholders of record as of December 16, 2024. The company, which is based in Louisville, Kentucky, has $8.44 billion in assets and operates branches throughout Kentucky as well as in Indianapolis, Indiana, and Cincinnati, Ohio. Stock Yards Bancorp is the parent company of Stock Yards Bank & Trust Company, founded in 1904, and its shares are traded on NASDAQ under the symbol "SYBT." For additional details, stakeholders can visit the company's website.
Potential Positives
- Stock Yards Bancorp has declared a quarterly cash dividend of $0.31 per common share, indicating strong financial performance and a commitment to returning value to shareholders.
- The upcoming dividend payment could enhance investor confidence and attract potential shareholders, demonstrating the bank's stability and profitability.
- The company has a significant asset base of $8.44 billion, underscoring its solid market position and overall financial health.
- The dividend payment date and record date provide clear communication to shareholders, reflecting effective corporate governance and transparency.
Potential Negatives
- Declaring a dividend may suggest that the company is not reinvesting enough in growth opportunities, potentially signaling limited future growth prospects.
FAQ
What is the recent dividend announcement by Stock Yards Bancorp?
Stock Yards Bancorp's Board of Directors declared a quarterly cash dividend of $0.31 per common share.
When will the dividend be paid?
The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.
What is Stock Yards Bancorp's NASDAQ symbol?
Stock Yards Bancorp's common shares trade on NASDAQ under the symbol "SYBT."
Where is Stock Yards Bancorp located?
Stock Yards Bancorp is based in Louisville, Kentucky, with services in parts of Kentucky, Indiana, and Ohio.
When was Stock Yards Bancorp incorporated?
Stock Yards Bancorp was incorporated in 1988 as a bank holding company.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SYBT Insider Trading Activity
$SYBT insiders have traded $SYBT stock on the open market 16 times in the past 6 months. Of those trades, 1 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $SYBT stock by insiders over the last 6 months:
- DAVID P HEINTZMAN has traded it 10 times. They made 0 purchases and 10 sales, selling 44,200 shares.
- MICHAEL CROCE (Executive Vice President) sold 1,797 shares.
- WILLIAM DISHMAN (Executive Vice President) has traded it 2 times. They made 0 purchases and 2 sales, selling 5,204 shares.
- RICHARD A LECHLEITER purchased 650 shares.
- PHILIP POINDEXTER (President) sold 2,815 shares.
- JAMES A HILLEBRAND (Chairman & CEO) sold 9,053 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SYBT Hedge Fund Activity
We have seen 91 institutional investors add shares of $SYBT stock to their portfolio, and 96 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VICTORY CAPITAL MANAGEMENT INC added 488,056 shares (+inf%) to their portfolio in Q3 2024
- MERIDIAN WEALTH MANAGEMENT, LLC added 146,508 shares (+inf%) to their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC added 129,445 shares (+90.9%) to their portfolio in Q3 2024
- CHAMPLAIN INVESTMENT PARTNERS, LLC removed 120,759 shares (-10.5%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 89,184 shares (+4.6%) to their portfolio in Q3 2024
- MORGAN STANLEY added 71,470 shares (+15.0%) to their portfolio in Q3 2024
- DEPRINCE RACE & ZOLLO INC added 57,766 shares (+30.1%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LOUISVILLE, Ky., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share. The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $8.44 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” For more information about Stock Yards Bancorp, visit the Company’s website at www.syb.com .
| Contact: |
T. Clay Stinnett
Executive Vice President, Treasurer and Chief Financial Officer (502) 625-0890 |
