Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Stock Yards Bancorp an average recommendation of Moderate Buy from six brokerages (4 hold, 1 buy, 1 strong buy), with a 12‑month consensus price target of $79.00.
• The bank beat quarterly estimates with $1.24 EPS vs. $1.20 expected and $104.47M revenue, trades at a PE of 13.26 and a market cap near $1.86 billion, with a 52‑week range of $60.75–$83.83.
• Stock Yards declared a quarterly dividend of $0.32 ($1.28 annualized) for a yield of 2.0%, with an ex‑dividend date of March 16 and a payout ratio around 27%.

Stock Yards Bancorp, Inc. (NASDAQ:SYBT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $79.00.

Several analysts have recently commented on SYBT shares. Zacks Research upgraded shares of Stock Yards Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Wall Street Zen downgraded Stock Yards Bancorp from a "hold" rating to a "sell" rating in a research report on Sunday, March 8th. 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 research note on Friday, March 6th. Piper Sandler reiterated a "neutral" rating and set a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a report on Friday, January 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Stock Yards Bancorp in a report on Monday, December 29th.

Stock Yards Bancorp Price Performance

Stock Yards Bancorp stock opened at $62.98 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of 13.26 and a beta of 0.71. Stock Yards Bancorp has a 52 week low of $60.75 and a 52 week high of $83.83. The firm's 50-day simple moving average is $67.06 and its 200 day simple moving average is $68.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.30.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last posted its earnings results on Tuesday, January 27th. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $104.47 million during the quarter, compared to the consensus estimate of $102.42 million. Stock Yards Bancorp had a net margin of 24.83% and a return on equity of 13.68%. On average, equities research analysts predict that Stock Yards Bancorp will post 4.16 EPS for the current fiscal year.

Stock Yards Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 16th. Stock Yards Bancorp's dividend payout ratio (DPR) is currently 26.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYBT. Quarry LP purchased a new stake in shares of Stock Yards Bancorp during the third quarter worth about $28,000. Brown Brothers Harriman & Co. purchased a new position in shares of Stock Yards Bancorp during the third quarter valued at approximately $45,000. GAMMA Investing LLC lifted its stake in shares of Stock Yards Bancorp by 92.1% during the fourth quarter. GAMMA Investing LLC now owns 826 shares of the bank's stock valued at $54,000 after buying an additional 396 shares during the period. Empowered Funds LLC acquired a new stake in Stock Yards Bancorp during the fourth quarter worth approximately $60,000. Finally, Covestor Ltd grew its stake in Stock Yards Bancorp by 138.4% in the 4th quarter. Covestor Ltd now owns 1,168 shares of the bank's stock worth $76,000 after acquiring an additional 678 shares during the period. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

About Stock Yards Bancorp

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.

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