Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Receives Average Rating of “Hold” from Analysts

Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) have been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $76.00.

A number of brokerages have weighed in on SYBT. Zacks Research downgraded Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $78.00 target price (up from $76.00) on shares of Stock Yards Bancorp in a report on Monday, April 27th. Wall Street Zen downgraded Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday. Keefe, Bruyette & Woods raised their target price on Stock Yards Bancorp from $80.00 to $81.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Finally, Hovde Group raised Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, March 6th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Stock Yards Bancorp in the 3rd quarter valued at $45,000. GAMMA Investing LLC lifted its stake in shares of Stock Yards Bancorp by 92.1% in the 4th quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock valued at $54,000 after acquiring an additional 396 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Stock Yards Bancorp in the 4th quarter valued at $60,000. Finally, Covestor Ltd lifted its stake in shares of Stock Yards Bancorp by 138.4% in the 4th quarter. Covestor Ltd now owns 1,168 shares of the bank’s stock valued at $76,000 after acquiring an additional 678 shares during the last quarter. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Trading Down 0.4%

Shares of NASDAQ:SYBT opened at $71.99 on Friday. The business’s 50 day simple moving average is $67.53 and its 200 day simple moving average is $67.44. The company has a market capitalization of $2.12 billion, a P/E ratio of 14.81 and a beta of 0.70. Stock Yards Bancorp has a 1 year low of $61.51 and a 1 year high of $83.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 0.99.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. The firm had revenue of $102.63 million for the quarter, compared to the consensus estimate of $108.18 million. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%. On average, research analysts anticipate that Stock Yards Bancorp will post 5.1 EPS for the current fiscal year.

Stock Yards Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, March 16th. Stock Yards Bancorp’s dividend payout ratio is presently 26.34%.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank’s core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.