SYBT Buyback

Stock Yards Bancorp, Inc. Buyback

OLI recorded this information on 5/17/2023

Company:

Stock Yards Bancorp, Inc.

Buyback:

SYBT buyback

Share Amount Authorized:

741,000

Buyback Details:

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, today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on July 3, 2023, to stockholders of record as of June 20, 2023. Additionally, the Company announced that its Board of Directors has approved an extension of the Company's Stock Repurchase Plan's (the Plan's) expiration date to May 22, 2025. First implemented on May 22, 2019, the Plan authorized the repurchase of one million shares. To date, the Company has repurchased approximately 259,000 shares at an average cost of $35.41 per share with approximately 741,000 shares remaining eligible to be repurchased. Stock repurchases are expected to be made from time to time on the open market, through block trades, in privately negotiated transactions, or pursuant to Rule 10b5-1 subject to applicable securities law. The number of shares repurchased and the timing, manner, process and amount of any repurchases will be determined by the Company in its discretion. The Plan, which will expire in two years unless otherwise further extended or completed at an earlier date, does not obligate the Company to repurchase any specific dollar amount or number of shares prior to the Plan's expiration. The Plan may be modified, suspended or terminated at any time for any reason and without prior notice. The Company cannot assure the exact number of shares to be repurchased prior to the expiration date of the Plan.

Stock Yards Bancorp is a bank holding company. Through its subsidiaries, Co. is engaged in the business of banking. Co.'s segments are: Commercial Banking, which provides a range of loan and deposit products including retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, treasury management services, merchant services, international banking, correspondent banking and other banking services; and Wealth Management and Trust, which provides investment management, financial and retirement planning and trust and estate services, as well as retirement plan management for businesses and corporations.

SYBT SEC Filing Email Alerts Service

Preferred: SYBTP

SYBT — Key Stats (updated 3 hours, 59 minutes ago)

Company Name:	Stock Yards Bancorp Inc
Stock buyback:	SYBT buyback
Website:	www.syb.com
Sector:	Banking & Savings
Number of ETFs Holding SYBT:	34
Total Market Value Held by ETFs:	$129.58M
Total Market Capitalization:	$1.33B
% of Market Cap. Held by ETFs:	9.72%

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Stock Yards Bancorp, Inc. Buyback

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