S.Y. Bancorp Inc. Plans Quarterly Dividend of $0.21 (SYBT)
S.Y. Bancorp (NASDAQ:SYBT) announced a quarterly dividend on Wednesday, February 19th, ARN reports. Investors of record on Monday, March 10th will be paid a dividend of 0.21 per share on Tuesday, April 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.89%.
SYBT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of S.Y. Bancorp from a “neutral” rating to an “outperform” rating in a research note on Monday, February 10th. They now have a $34.60 price target on the stock. On the ratings front, analysts at FIG Partners upgraded shares of S.Y. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 28th. Finally, analysts at DA Davidson upgraded shares of S.Y. Bancorp from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. They now have a $35.00 price target on the stock, down previously from $36.00. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. S.Y. Bancorp currently has an average rating of “Buy” and an average target price of $33.20.
S.Y. Bancorp (NASDAQ:SYBT) opened at 29.05 on Wednesday. S.Y. Bancorp has a one year low of $21.27 and a one year high of $33.84. The stock’s 50-day moving average is $29.53 and its 200-day moving average is $29.35. The company has a market cap of $424.4 million and a price-to-earnings ratio of 15.22.
S.Y. Bancorp (NASDAQ:SYBT) last announced its earnings results on Monday, January 27th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.06. On average, analysts predict that S.Y. Bancorp will post $2.13 earnings per share for the current fiscal year.
S.Y. Bancorp, Inc (NASDAQ:SYBT) is a bank holding company of Stock Yards Bank & Trust Company (the Bank).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.