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Stock Yards Bancorp Names Michael W. Woods as Principal Accounting Officer
Globenewswire· 2025-09-03 15:27
Core Insights - Stock Yards Bancorp, Inc. has appointed Michael W. Woods as Principal Accounting Officer effective immediately [1] - Michael Woods has over 25 years of experience in financial reporting, internal control, and strategic planning [2] - The company has $9.21 billion in assets and operates as a bank holding company [3] Company Overview - Stock Yards Bancorp, Inc. is the parent company of Stock Yards Bank & Trust Company, established in 1904 [3] - The company was incorporated in 1988 and its common shares trade on The Nasdaq Stock Market under the symbol "SYBT" [3] Leadership Statement - James A. Hillebrand, Chairman and CEO, expressed excitement about Michael Woods joining the company, highlighting his extensive knowledge and experience in accounting functions and regulatory navigation [3]
Stock Yards Bancorp to Participate in the Raymond James 2025 U.S. Bank and Banking on Tech Conferences
Globenewswire· 2025-08-28 11:30
Core Viewpoint - Stock Yards Bancorp, Inc. will participate in the Raymond James 2025 U.S. Bank and Banking on Tech Conferences, indicating its engagement with institutional investors and the broader banking community [1][2]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has $9.21 billion in assets [2]. - The company was incorporated in 1988 as a bank holding company and is the parent of Stock Yards Bank & Trust Company, which was established in 1904 [2]. - The common shares of Stock Yards Bancorp trade on The Nasdaq Stock Market under the symbol "SYBT" [2]. Conference Participation - Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in a series of one-on-one meetings with institutional investors during the conference [1]. - Management's discussion materials for the conference will be available on the company's investor section of the website on or before September 3, 2025 [2].
4 Bank Stocks With Dividend Hikes This Week to Keep on Your Radar
ZACKS· 2025-08-22 15:36
Core Insights - Equity markets have experienced volatility in August after a strong performance since mid-June, influenced by tariff policies and inflationary pressures [1] - Investors are advised to focus on stocks with a history of steady dividend payouts to protect their portfolios during market fluctuations [2] Investment Opportunities - Four small and mid-cap banks have recently announced dividend increases: Bank7 Corp. (BSVN), Unity Bancorp, Inc. (UNTY), Stock Yards Bancorp, Inc. (SYBT), and BayCom Corp (BCML) [3] - These banks have consistently raised their quarterly dividends, contributing to enhanced shareholder value, with stock prices increasing over 15% in the past year [3] Company Summaries - **Bank7 Corp. (BSVN)**: - Operates in Oklahoma, Texas, and Kansas with $1.83 billion in assets as of June 30, 2025 [7] - Announced a quarterly cash dividend of $0.27 per share, a 12.5% increase, with a forward dividend yield of 2.33% and a payout ratio of 21% [8] - Expected sales decline of 2.4% and earnings decrease of 13.4% in 2025 [9] - **Unity Bancorp, Inc. (UNTY)**: - Based in New Jersey with $2.93 billion in assets as of June 30, 2025 [11] - Increased its quarterly cash dividend to $0.15 per share, a 7.1% rise, with a forward dividend yield of 1.24% and a payout ratio of 12% [12] - Projected sales growth of 16.5% and earnings growth of 20.9% in 2025 [12] - **Stock Yards Bancorp, Inc. (SYBT)**: - Headquartered in Louisville, KY, providing services in Kentucky, Indiana, and Ohio [13] - Announced a dividend of $0.32 per share, a 3.2% increase, with a forward dividend yield of 1.66% and a payout ratio of 29% [14] - Anticipated sales growth of 11.1% and earnings growth of 17.2% in 2025 [14] - **BayCom Corp (BCML)**: - Operates through United Business Bank with $2.62 billion in assets as of June 30, 2025 [15] - Increased its quarterly cash dividend to $0.25 per share, a 25% rise, with a forward dividend yield of 3.53% and a payout ratio of 37% [16] - Expected sales growth of 3.6% and earnings growth of 5.2% in 2025 [17]
Stock Yards Bancorp Names David L. Hardy to the Boards of Directors of the Company and Stock Yards Bank & Trust
Globenewswire· 2025-08-22 11:30
Core Viewpoint - Stock Yards Bancorp, Inc. has appointed David L. Hardy to its Board of Directors, effective October 21, 2025, highlighting his extensive leadership experience and market expertise in commercial real estate [2][3]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has $9.21 billion in assets. It was incorporated in 1988 and is the parent company of Stock Yards Bank & Trust Company, established in 1904. The company's common shares trade on NASDAQ under the symbol "SYBT" [6]. Leadership Appointment - David L. Hardy has been the Managing Director for CBRE's Kentucky operations since 2005 and has a long history in the Louisville market, brokering office properties since 1988. His leadership at CBRE Louisville has contributed to the company being recognized as one of Louisville's fastest-growing companies multiple times [3][4]. Professional Background - Mr. Hardy has held various leadership roles, including Vice Chairman of the Board of Trustees for St. Xavier High School and member of the Board of Governors for Louisville Country Club. He has also served as Chairman of the Board of Trustees of the Leadership Louisville Center and President of the Kentucky CCIM Chapter [5].
Stock Yards Reward Shareholders With 3.2% Dividend Hike, Shares Up
ZACKS· 2025-08-21 19:41
Core Insights - Stock Yards Bancorp (SYBT) announced a quarterly dividend of 32 cents per share, a 3.2% increase from the previous payout, with payment scheduled for October 1, 2025, to shareholders of record as of September 15 [1] - The company has raised its quarterly dividend 18 times since 2011, resulting in a total increase of 167% over this period [1][9] - SYBT's current dividend yield is 1.61%, compared to the industry average of 2.41 [2] Dividend Growth and Financial Health - Prior to the latest increase, SYBT raised its dividend by 3.3% to 31 cents per share in August 2024 [2] - The company maintains a five-year annualized dividend growth rate of 3.38% and a payout ratio of 29% of its earnings, indicating a strong capacity for reinvestment and shareholder returns [4] - As of June 30, 2025, SYBT reported total cash and cash equivalents of $451 million, with short-term debt of $133 million and long-term debt of $327 million, supporting its capital distribution activities [6] Shareholder Value Initiatives - SYBT has a share buyback program approved on July 15, 2025, allowing for the repurchase of up to 1 million shares over the next two years [5][9] - The company has experienced a share price increase of 34.8% over the past year, significantly outperforming the industry growth of 6.2% [7]
Stock yards Bancorp Increases Quarterly Cash Dividend to $0.32 Per Common Share
Globenewswire· 2025-08-20 11:30
Core Viewpoint - Stock Yards Bancorp, Inc. has announced an increase in its quarterly cash dividend to $0.32 per common share, reflecting the company's consistent profitability and strong capital position [1][2]. Group 1: Dividend Announcement - The quarterly cash dividend is set to be paid on October 1, 2025, to stockholders of record as of September 15, 2025 [1]. - This marks the 18th increase in the quarterly dividend rate since 2011, resulting in a cumulative increase of 167% over that period [2]. Group 2: Company Overview - Stock Yards Bancorp, Inc. has $9.21 billion in assets and was incorporated in 1988 as a bank holding company [2]. - The company is the parent of Stock Yards Bank & Trust Company, which was established in 1904, and its common shares trade on NASDAQ under the symbol "SYBT" [2].
Stock yards Bancorp Increases Quarterly Cash Dividend to $0.32 Per Common Share
GlobeNewswire News Room· 2025-08-20 11:30
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $9.21 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 ...
Bears are Losing Control Over Stock Yards (SYBT), Here's Why It's a 'Buy' Now
ZACKS· 2025-08-04 14:56
The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this holding company for Stock Yards Bank & Trust Co. enhances its prospects of a trend reversal. Understanding Hammer Chart and the Technique to Trade It This is one of the popular price patterns in ca ...
Here's What Key Metrics Tell Us About Stock Yards (SYBT) Q2 Earnings
ZACKS· 2025-07-23 14:30
Core Insights - Stock Yards Bancorp (SYBT) reported a revenue of $97.91 million for the quarter ended June 2025, reflecting a year-over-year increase of 14.2% [1] - The earnings per share (EPS) for the quarter was $1.15, up from $0.94 in the same quarter last year, indicating a strong performance [1] - The reported revenue exceeded the Zacks Consensus Estimate of $95.57 million by 2.45%, and the EPS also surpassed the consensus estimate of $1.05 by 9.52% [1] Financial Metrics - Net Interest Margin was reported at 3.5%, matching the average estimate from three analysts [4] - The Efficiency Ratio stood at 53.8%, better than the average estimate of 55.1% from three analysts [4] - Net charge-offs to average loans were reported at -0%, compared to an estimated 0.1% by two analysts [4] - Average Interest-Earning Assets were $8.36 billion, consistent with the average estimate from two analysts [4] - Total Non-Interest Income was $24.35 million, exceeding the average estimate of $23.87 million from three analysts [4] - Net Interest Income (FTE) was reported at $73.56 million, above the average estimate of $72.03 million from two analysts [4] - Net Interest Income was $73.47 million, surpassing the average estimate of $71.53 million from two analysts [4] Stock Performance - Over the past month, Stock Yards shares returned +0.8%, while the Zacks S&P 500 composite increased by +5.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Stock Yards Bancorp (SYBT) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-23 13:40
Core Viewpoint - Stock Yards Bancorp (SYBT) reported quarterly earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.05 per share, and showing an increase from $0.94 per share a year ago, indicating a positive earnings surprise of +9.52% [1] Financial Performance - The company achieved revenues of $97.91 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.45% and up from $85.77 million year-over-year [2] - Over the last four quarters, Stock Yards has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - Stock Yards shares have increased approximately 8.8% since the beginning of the year, outperforming the S&P 500's gain of 7.3% [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.08 on revenues of $97.3 million, and for the current fiscal year, it is $4.37 on revenues of $384.67 million [7] Industry Context - The Banks - Southeast industry, to which Stock Yards belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The performance of Stock Yards may also be influenced by the overall industry outlook, as empirical research shows a strong correlation between stock movements and earnings estimate revisions [5][8]